Praxis Tech is playing a pivotal role in Cyprus’ FinTech transformation by simplifying online payment processing through their unified platform. With a Limassol base, they leverage local talent and competitive costs while maintaining a global reach, showcasing Cyprus’ emergence as a FinTech hub.
In October 2023, government employment in Cyprus increased by 0.5%, reaching a total of 53,554 employees. The Education Service experienced a significant rise in temporary staff, with a 24.2% increase for the academic year 20232024. Meanwhile, the upcoming “Future of Fintech Summit” organized by Forbes Cyprus promises to bring together notable industry figures for engaging talks and discussions. The Cyprus Stock Exchange faced losses, and residents were alerted to heavy rainfall.