Credit card payments grow in Turkey
Baku, Azerbaijan, Jan. 25
By Rufiz Hafizoglu - Trend:
Credit card payments totaled 606 billion Turkish liras in Turkey in 2017, which is 13 percent more than in 2016, a source in the Turkish Finance Ministry told Trend.
In 2017, debit card payments in Turkey totaled 677 billion Turkish liras, which is 15 percent more than in 2016.
“As of 2017, there were a total of 194 million credit and debit cards in Turkey,” the source said.
The source noted that in 2018, credit and debit card payments in Turkey may grow at least 20 percent.
Presently, 46 banks, including 20 with foreign capital, operate in Turkey.
(3.7625 liras = $1 on Jan. 25)