A comprehensive overview of the credit cards, payments and consumer banking market in Turkey, with clearsighted commentary backed by relevant data.
Normally a credit card business wouldn't work with the caps on interest rate margin set by the authorities, but issuers are compensated through interchange in what is a unique and ambitious ecosystem. Domestic network Troy has been steadily growing market share. Contactless too is growing rapidly, with use spiking as viral awareness took hold during pandemic. Debit card spend at the point of sale grew fivefold in the seven years before 2020, although credit card APRs and interchange are at historically low levels.
What you will learn from this report:
Demographics and the economy
Key retail banks and issuers
Acquiring and processing
Regulatory and other cards market information
Appendices: Card Payments Data
Appendix I: Demographics and the economy
Appendix II: Payments environment
Appendix III: Cards market
Appendix IV: Profit pool
Appendix V: The card networks
Appendix VI: Key retail banks and issuers
Appendix VII: Acquiring and processing
Appendix VIII: Online acquiring
ABank Akbank Albaraka Turk Alfabank Alipay Alternatif Bank American Express Apple Pay Araba Banco Bilbao Vizcaya Argentaria Bank Asya Banking Regulation and Supervision Agency Bankkart Mobil BBVA BDDK BKM BKM Express BNP Paribas Boleto Bonus Fla CardFinans CarrefourSA Cep Cuzdan ClubFinans Coca-Cola Icecek Commercial Bank of Qatar DenizBank Diners Club Discover Dogu Group Elo Eyeverify Finansbank Fincube Incubation Center Finnish Online Banking Game Sultan Garanti Bank Garanti Payment Systems G-Cash Giropay Gitti Gidiyor Google Pay GPS Hackquarters Halkbank Hepsiburada Ideal iGaranti ING Turkey Ininal Interbank Card Center iPara Isbank Iyzico Payments JCB Kiler Knet Kuveyt Turk MagiClick Digital Markafoni Mastercard Mastercard Payment Transaction Services Turkey Mobil Odeme MOL AccessPortal MPTS Turkey National Bank of Greece Opet Paratika Paycell PayCore PaymentWall PayPal PaytoGo PayTR PayU Provus QNB Finansbank Real Samsung Pay Sberbank SEPA Direct Debit TEB Trendyol Troy Turk Ekonomi Bankas Turk Telecom Turkcell Turkish Airlines Turkiye Finans TurkPos UnionPay Vakifbank VeriPark Visa Vodafone WeChat Pay Yandex Yandex.Money Yap Kredi Ziraat Bank Ziraat Katilim
Verisk financial reports include detailed market and competitor intelligence on payments cards, e-money, acquiring, retail banking, and consumer credit in Europe. Analysts use primary and secondary source data and conduct in-depth interviews with senior industry executives and finance experts.
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