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Turkiye: Consumers putting spending on hold amid tax hikes
Many consumers are putting spending on hold this summer amid hikes in the value-added tax (VAT), buying only essential goods,…
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Banking sector loan volume was ₺9 trillion 635.2 billion last week
The credit volume of the banking sector increased by ₺373 billion 685 million last week and reached ₺9 trillion 635…
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Payments technology firm Worldpay unveils UAE expansion plans
Strategic decision enables company to extend its payment services to domestic merchants in the Emirates Worldpay from FIS, a leading…
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Turkiye: Card payments reached ₺544 billion in April
According to the data of the Interbank Card Center (BKM), the total amount of payments made in April with credit…
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Turkiye: Decision on cash advance canceled
The Central Bank has canceled a previous decision that introduced limits on cash advance withdrawals from credit cards and overdraft…
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CBRT: There will be no restrictions on the use of cash advances and overdraft accounts
In the statement made by the CBRT, it was stated that no restrictions will be applied to the use of…
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Americans turn to credit cards to cope with high inflation: US credit reporting agency
Total credit card balances reach $930B in the last quarter of 2022, up from $785B same period of 2021, TransUnion…
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Turkiye: Legendary Friday gives huge boost to online shopping
Online shopping volume soared nearly 147 percent during the Legendary Friday sales, data from Iyzico have shown. The number of…
Read More » - Istanbul
A new era begins in Istanbulkart: Payments can be made with credit, debit and prepaid cards which provide contactless payment services
Signatures were signed for a new era in public transportation used by millions of people in Istanbul. Within the scope…
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Card expenditures increased by more than 100% and reached ₺317 billion
In July, the number of cards increased by 15% compared to the same period of the previous year. The increase…
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