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- October 13, 202618°
- BIST10012,151-0.94%
- USD49.220.00%
- EUR55.21+0.28%
- GOLD4,198.30+0.18%
- INTEREST37.00%-1.00
- BITCOIN82,659-1.21%
- October 13, 202618°
Card payments rose 50% in June to 2.87 trillion lira
According to the Interbank Card Center (BKM), the total amount of card payments in June rose 50% year-on-year to 2 trillion 867.7 billion lira. Contactless payments accounted for 80% of in-store transactions.
The Interbank Card Center (BKM) announced card payment data for June. Accordingly, the number of credit cards in Turkey was recorded as 150.4 million, debit cards as 221.6 million, and prepaid cards as 99.7 million.
Compared to the same period last year, the number of credit cards rose 11%, debit cards 3%, while prepaid cards fell 4%. The total number of cards increased 4% to 471.7 million.
Significant Increase in Payment Amounts
The total amount of payments made with credit cards, debit cards, and prepaid cards in June rose 50% year-on-year to 2 trillion 867.7 billion lira. Of this amount, 2 trillion 463.7 billion lira was made with credit cards, 396.2 billion lira with debit cards, and 7.8 billion lira with prepaid cards.
The annual increase in payment amount was 53% for credit cards and 37% for debit cards, while prepaid cards saw a 35% decline.
The total number of card payments rose 14% to 1.9 billion. Of these transactions, 1 billion 132 million were made with credit cards, 776.3 million with debit cards, and 34.9 million with prepaid cards. The number of payments increased by 16% each for credit and debit cards, while prepaid cards saw a 28% decrease.
Online Payments Reach 891.6 Billion Lira
In June, the amount of online card payments rose 60% year-on-year to 891.6 billion lira. Online payments accounted for 31% of total card payments. In the same period, the number of online payments increased 17% to 260.7 million, making up 14% of total transactions.
Contactless Payments Becoming Widespread
The number of contactless card payments rose 13% in June to 1 billion 300.7 million, while the amount of contactless payments increased 45% to 939.3 billion lira. Four out of every five in-store card payments were made contactlessly.
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