Turkey 2017/2018

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  • Regular price £185.00

Payment Organization

BKM is the interbank authorization and switching centre.

Domestic Card Brand

Troy cards. 

Market Structure

In 2016, Turkey’s first domestic card scheme, Troy, went live. 

There were 175.8 million cards by end-2016. Debit cards, accounting for 57.2% of cards in circulation, are mainly used for ATM access. Credit cards are used for purchases. 

Cash advances on credit cards are a feature of the market. 

Credit cards are a popular form of borrowing, with balances accounting for nearly 30% of total household borrowing.

Turkey was the first country in Europe to issue contactless cards. At end-2016, there were 29 million contactless cards and 587,000 contactless POS terminals. 

Turkey specific, there are credit card service platforms managed by the leading banks and open for other participating banks, including sharing of ATM/POS networks: World Card, Bonus, Maximum, Advantage and Axess. 

Turkey is a self-styled laboratory and pilot country for innovative technologies: contactless, NFC, biometrics, wearables, touch-ID. 

Several Turkish banks have formed strategic links with foreign groups, including UniCredit, ING, HSBC, BBVA, QNB, QCB. 

Notable Market Trends

Contactless rollout: cards, POS/MPOS terminals, Troy cards; 

QR-Codes, HCE NFC payments, digital wallets; 

contactless ATMs, biometric ATMs; card-less ATMs. 

Statistical Key Figures for 2016 provided in this profile:

UPDATED: tables with card business data 2012-2016; growth rates: Y-o-Y, CAGR

Population, Cards per Capita, Card Value per Capita

Debit Cards, Credit/Delayed Debit Cards, Total Cards

Card payments by number and by value, ATV per card, payments per card/year

ATMs, POS terminals, ATMs/POS terminals per 1 million capita

ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month

POS payments by number/by value, ATV per POS payment, TXs per POS/month

Internet Use, e-payment mix, B2C e-Commerce by value and growth rate

Issued Card brands by individual major issuer bank

Accepted card brands by individual major acquirer

Drill down into the debit card use and credit cards use details

Product information

Digital product provided in PDF format. You will receive a download link to a zip file containing your files after checkout. 


1.0.0 last updated 2nd December 2017