Open Banking Specifics in Cyprus
# Authentication flows and SCA
Cypriot banks primarily use redirect-based authorisation flows for Open Banking. Most ASPSPs require users to input their online banking credentials before completing Strong Customer Authentication (SCA) using mobile apps, SMS OTP, or hardware/soft tokens. Support for automatic app-to-app redirection on mobile devices is generally not available across Cypriot banks.
# Major Banks (ASPSPs)
The most widely used Cypriot ASPSPs are:
Full list of banks (as per EBA) is available here (opens new window).
# Payment Specifics
All major Cypriot banks support SEPA Credit Transfers (SCT) in EUR (Euro) via their Open Banking APIs. Domestic EUR payments are supported as standard. Instant SEPA Credit Transfers (SCT Inst) are not yet widely supported.
# Specifics per ASPSP
Below are verified details about major banks operating in Cyprus.
# Bank of Cyprus
Integration towards this bank is not yet supported by Enable Banking. If you are interested in integrating with this bank's Open Banking interface, please contact our tech support.
# Hellenic Bank
Integration towards this bank is not yet supported by Enable Banking. If you are interested in integrating with this bank's Open Banking interface, please contact our tech support.
# Alpha Bank
After redirect to Alpha Bank Cyprus users authenticate using credentials and approve the operation through either a push notification in the mobile app or a combination of SMS OTP and ePIN.
# Eurobank
Integration towards this bank is not yet supported by Enable Banking. If you are interested in integrating with this bank's Open Banking interface, please contact our tech support.