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European Payment Cards Yearbook
Turkey - Summary
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Price: £75.00
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Market Overview |
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| Payment Organization |
BKM is the interbank authorization and switching centre. |
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| Market Structure |
There were 116.9 million cards by end-2010. Debit cards, accounting for just under 60% of cards in issue, are mainly used for ATM access. Credit cards are used for purchases; cash advances on credit cards are a feature of the market.
Several Turkish banks have formed strategic links with foreign groups, including GE, Citigroup, UniCredit, ING and HSBC.
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. |
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| Major Issuers |
Yapi Kredi, Garanti, Is Bank, Akbank, TC Ziraat Bank. |
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| Major Aquirers |
Garanti, Yapi Kredi, Akbank, and Is Bank. |
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Key Statistics 2010 |
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| Population |
73.723 million |
| Cards |
Debit: 69.9 million
Credit: 47.0 million
Total: 116.9 million |
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