Credit cards used for illegal gambling to be cancelled in Turkey

Business Materials 12 November 2013 16:58 (UTC +04:00)

Baku, Azerbaijan, Nov. 12

By Rufiz Hafizoglu - Trend: Credit cards used for illegal gambling will be cancelled in Turkey, the Turkish Banking Supervision Agency said today.

According to the report, the agency has already sent a notification to all Turkish banks asking them to reveal those credit cards used for betting in gambling.

The report also says that at present the Turkish population has 56.5 million credit cards and 96.6 million debit cards.

According to the Turkish Banking Supervision Agency, the amount of annual payments on credit cards is 34.6 billion Turkish liras.

The report added that 30 per cent of credit cards used in the country have a limit of up to 2000 lira, 10 per cent up to 10,000 lira and four per cent more than 20,000 Turkish lira.

According to the report, all inactive cards will be cancelled in Turkey.

The official exchange rate is 2.0358 TRY/USD on Nov. 12.