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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 cards, debit cards and prepaid cards increased by 119% compared to the same period of the previous year and reached ₺544 billion.

BKM announced its data for April.

Accordingly, at the end of April, the number of 105.8 million credit cards, 176.1 million debit cards and 77.3 million prepaid cards was reached in Turkiye.

Compared to April 2022, there was a 19% increase in the number of credit cards, a 14% increase in the number of debit cards, and a 27% increase in the number of prepaid cards.

The total number of cards reached 359.3 million, an increase of 18% compared to the same period of the previous year.

Payment by debit card grew by 145%, payment by credit card by 114%

The total amount of payments made with credit cards, debit cards and prepaid cards in April increased by 119% compared to the same period of the previous year and reached ₺544 billion.

While ₺422.3 billion of card payments were made with credit cards, ₺112.5 billion of debit cards and ₺9.4 billion of prepaid cards were used.

Compared to the same period of the previous year, the growth rate in credit card payments was 114%, while in debit card payments 145%, this rate was 105% in payments made with prepaid cards.

Transactions with credit cards, debit cards and prepaid cards increased by 24% compared to the same period of the previous year. In April 2023, 55% of the transactions made with card payments were made with credit cards, 39% with debit cards and 6% with prepaid cards.

The share of contactless transactions in card payments was 74.4%

While the growth in transactions made with credit cards and prepaid cards was 21% compared to the same period of the previous year, this rate was 30% in transactions made with debit cards.

The amount of online card payments increased by 120% in April compared to the same period of the previous year and reached ₺148.6 billion. The share of online card payments in total card payments, which was 25.5% in April last year, reached 26.6%.

₺1 of every ₺3 credit card payment was made with commercial cards. The share of contactless transactions in card payments was 74.4%.

Source: Trthaber / Prepared by Irem Yildiz

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