Payment Card Year Books

Turkey 2019/2020

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Payment Organisation

BKM is the interbank authorisation and switching centre.

Domestic Card Brand

TROY cards co-badged Discover for international use.

Market Structure

In 2016, Turkey’s first domestic card scheme, TROY, went live.
There were 212.7 million cards by end-2018. Debit cards, accounting for 56.65% 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-2018, there were 58.06 million contactless cards and 1,226,606 contactless POS terminals (77.28%).

There are credit card service platforms specific to Turkey 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, mobile banking apps, contactless ATMs, biometric ATMs, card-less ATMs

Statistical Key Figures for 2018 provided in this profile:

UPDATED: tables with card business data 2014-2018; 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

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1.1 last updated 13th January 2020