Acempi sets strategic vision for 2025 at annual general meeting
The Association of Cyprus Electronic Money and Payment Institutions (ACEMPI), a key sector group under the umbrella of the Cyprus Chamber of Commerce and Industry (Keve), convened its annual general meeting earlier this month in Nicosia to review its progress and lay out its strategic path for 2025.
During the meeting, ACEMPI chairman Ioannis Georgoulas provided a comprehensive overview of the association’s activities throughout the past year, showcasing its efforts to represent and serve members within the electronic money and payment institutions sector. Speaking to the Cyprus Mail, Georgoulas underscored ACEMPI’s expanding role in regulatory dialogue, particularly highlighting the ongoing engagement with the Central Bank of Cyprus (CBC). He noted that discussions with the CBC have centred on long-term regulatory planning, signalling the association’s commitment to ensuring its members’ interests are actively considered in shaping future frameworks.
One notable achievement announced was the publication of the association’s first Electronic Money Glossary, a resource aimed at demystifying complex, sector-specific terminology. This glossary is designed to enhance financial literacy among industry professionals and stakeholders, reflecting ACEMPI’s dedication to knowledge sharing and education within the payments ecosystem.
ACEMPI’s involvement extended beyond national borders, with contributions to consultations at both the European Union level and within Cyprus. The association played an active role in debates around the upcoming Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) Directive, as well as discussions focused on refining the corporate governance framework applicable to its sector. Such participation demonstrates ACEMPI’s function as a conduit between industry members and policymakers, ensuring that regulations evolve in step with sector needs.
The association also maintained a visible presence in the public and industry event sphere. It provided support for several high-profile conferences in Cyprus, including notable involvement with events organised by ‘The Economist.’ Additionally, ACEMPI board members took part in critical discussions and forums, representing the association’s perspectives and contributing to sector-wide discourse.
Looking ahead, Georgoulas articulated ACEMPI’s strategic priorities for the year 2025. Central to this forward-looking agenda is the ambition to reinforce the association’s institutional stature, positioning it as a pivotal player in the electronic money and payments space. The strategy outlines plans to initiate educational programmes aimed at enhancing member compliance capabilities and driving innovation adoption. Furthermore, building and expanding partnerships with European and Cypriot organisations feature prominently in the roadmap, underlining ACEMPI’s intent to foster a collaborative ecosystem that benefits its members and the broader market.
The recent AGM thus served as a platform for ACEMPI to reaffirm its role as a sector leader, actively serving its membership through advocacy, education, and strategic collaboration — essential functions that support the evolving landscape of electronic payments in Cyprus.