According to October 2024 data published by the Interbank Card Center (BKM), there are significant increases in the number of payments and transactions made using credit cards, debit cards and prepaid cards. The total number of cards increased by 12% compared to the same period last year, reaching 430.4 million units. It was announced that 127.8 million credit cards, 193.1 million debit cards and 109.5 million prepaid cards are in use. Especially prepaid cards attract attention with a 28% increase.
Record in Payments: 1.49 Trillion TL
The total amount of payments made by cards reached 1.49 trillion TL, an increase of 78%. While 1.25 trillion TL of these payments were made with credit cards, debit cards contributed with 204.8 billion TL and prepaid cards contributed with 30.6 billion TL.
Explosion in Online Payments
e-commerce The growth in the field was also reflected in the figures. While the amount of online card payments increased by 82% to 432.1 billion TL, the total number of payments made over the internet reached 236.5 million.
Contactless payment is now a lifestyle
81% of in-store payments made in October were made contactless. The amount of contactless payments increased by 93%, reaching 472.6 billion TL. The number of contactless payments increased by 20% to 1.07 billion.
In the statement made by BKM, it was emphasized that the growth in payments will continue thanks to the expansion of digital payment infrastructures and ease of use. Turkey’s national card scheme TROY and BKM’s other innovative solutions play an important role in the future of digital payments.
See the full Interbank Card Center October 2024 report from here you can reach.
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