The amount of payments made with cards in August increased by 125% compared to the same period of the previous year and reached ₺346 billion.
According to the statement made by BKM regarding the August card payment data, at the end of August, 93.8 million credit cards, 161.8 million debit cards and 66.4 million prepaid cards were used in Turkiye.
The total number of cards increased by 16%
Compared to August last year, the number of credit cards increased by 16%, the number of debit cards by 13%, and the number of prepaid cards by 28% in August. The total number of cards reached 322 million, an increase of 16% compared to the same period of the previous year.
According to the data of BKM, the total amount of payments made with cards in August increased by 125% compared to the same period of the previous year and reached ₺346 billion. While ₺272.7 billion of these payments were made with credit cards, ₺67.2 billion of debit cards and ₺6.1 billion of prepaid cards were used.
Thus, compared to the same period of the previous year, the growth rate in credit card payments was 118%, while the rate of growth in payments made with debit cards was 155%, while this rate was 172% in payments made with prepaid cards.
“The amount of payments made with commercial credit cards increased by 134%”
Compared to the same period of the previous year, the highest growth in card payments in August was realized in the airlines sector, with an increase of 294% and a payment of ₺11.2 billion. The airlines sector was followed by the fuel stations, accommodation, food, clothing and accessories sectors, respectively.
The number of commercial credit cards, which provide great convenience to business owners in payments, reached 8.7 million as of August.
In August, the amount of payments made by commercial credit cards increased by 134% compared to the same period of the previous year and reached ₺88.3 billion.
The share of payments made with commercial credit cards in total credit card payments increased compared to the previous year and reached 32%, and ₺1 of every ₺3 credit card payment was made with commercial credit cards.
Source: Trthaber / Translated by Irem Yildiz