European Payment Cards Yearbook

Turkey - Summary

	Price: £75.00
Market Overview
Payment Organization	BKM is the interbank authorization and switching centre.

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.

Major Issuers	Yapi Kredi, Garanti, Is Bank, Akbank, TC Ziraat Bank.

Major Aquirers	Garanti, Yapi Kredi, Akbank, and Is Bank.

Key Statistics 2010
Population	73.723 million
Cards	Debit: 69.9 million Credit: 47.0 million Total: 116.9 million