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Payments Landscape in Turkey: Opportunities and Risks to 2022Payments Landscape in Turkey: Opportunities and Risks to 2022
Payments Landscape in Turkey with updated Recent and table of content for better understating of market situation. It also provide critical information about investment strategy, opportunity and forecasts.
Published 20 September 2018
"Payments Landscape in Turkey Opportunities and Risks to 2022", report provides detailed analysis of market trends in the Turkish cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, and cheques during the review-period (2014-18e).
The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2018e-22f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.
Get Sample Copy Of This Report at http://www.orbisresearch.com/contacts/request-sample/2320137
Key Leading Companies Mentioned:
Ziraat Bank
VakifBank
DenizBank
Yapi Kredi
Isbank
Garanti Bank
Akbank
QNB Finansbank
Visa
Mastercard
American Express
The report provides top-level market analysis, information and insights into the Turkish cards and payments industry, including -
- Current and forecast values for each market in the Turkish cards and payments industry, including debit and credit cards.
- Detailed insights into payment instruments including cards, credit transfers, and cheques. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis.
- Analysis of various market drivers and regulations governing the Turkish cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
Scope
- To increase competition in the Turkish payment card market, Interbank Card Center (BKM) introduced a domestic payment card scheme, Turkey’s Payment Method (Troy), in April 2016. Troy is currently partnered with 26 banks to offer Troy-branded debit and credit cards in the country. Troy’s processing fee is lower than its competitors, making it more viable for small retailers to accept cards, boosting overall card acceptance in the process. For international acceptance of Troy payment cards, BKM signed a contract with Discover in June 2017. The agreement enables Troy payment card holders to conduct transactions globally over the Discover Global Network. The agreement also enables acceptance of Discover and Diners Club payment cards in Turkey at all locations where Troy is accepted.
- To curb rising consumer credit card debt, the Turkish government increased the maximum monthly credit card interest rate limit. The monthly maximum contractual interest rate for the Turkish lira was increased from 1.84% in 2017 to 2.02% in 2018, whereas for foreign exchange it was increased from 1.47% in 2017 to 1.62% in 2018. The maximum monthly overdue interest rate was also increased from 2.34% in 2017 to 2.52% in 2018 for Turkish lira, and from 1.97% in 2017 to 2.12% in 2018 for foreign exchange. The changes came into effect from July 1, 2018.
- To help Chinese tourists make electronic payments, UnionPay International signed an agreement with Yapi Kredi in June 2018. As per the agreement, Chinese tourists visiting Turkey can use their UnionPay cards to make payments at 350,000 in-store merchants and 2,000 online Yapi Kredi merchants. They can also withdraw funds at the bank’s 4,000 ATMs. In 2018, approximately 400,000 Chinese tourists are expected to visit Turkey. This collaboration will help Yapi Kredi attract more users and thus boost the overall Turkish payment card market.
Make an Inquiry before Buying@ http://www.orbisresearch.com/contacts/enquiry-before-buying/2320137
Table of Contents
Market Overview
Executive Summary
Card-based Payments
Merchant Acquiring
E-commerce Payments
Mobile Proximity Payments
P2P Payments
Alternative Payments
Payment Innovations
Payments Infrastructure & Regulation
Appendix
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2018e-22f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.
Get Sample Copy Of This Report at http://www.orbisresearch.com/contacts/request-sample/2320137
Key Leading Companies Mentioned:
Ziraat Bank
VakifBank
DenizBank
Yapi Kredi
Isbank
Garanti Bank
Akbank
QNB Finansbank
Visa
Mastercard
American Express
The report provides top-level market analysis, information and insights into the Turkish cards and payments industry, including -
- Current and forecast values for each market in the Turkish cards and payments industry, including debit and credit cards.
- Detailed insights into payment instruments including cards, credit transfers, and cheques. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis.
- Analysis of various market drivers and regulations governing the Turkish cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
Scope
- To increase competition in the Turkish payment card market, Interbank Card Center (BKM) introduced a domestic payment card scheme, Turkey’s Payment Method (Troy), in April 2016. Troy is currently partnered with 26 banks to offer Troy-branded debit and credit cards in the country. Troy’s processing fee is lower than its competitors, making it more viable for small retailers to accept cards, boosting overall card acceptance in the process. For international acceptance of Troy payment cards, BKM signed a contract with Discover in June 2017. The agreement enables Troy payment card holders to conduct transactions globally over the Discover Global Network. The agreement also enables acceptance of Discover and Diners Club payment cards in Turkey at all locations where Troy is accepted.
- To curb rising consumer credit card debt, the Turkish government increased the maximum monthly credit card interest rate limit. The monthly maximum contractual interest rate for the Turkish lira was increased from 1.84% in 2017 to 2.02% in 2018, whereas for foreign exchange it was increased from 1.47% in 2017 to 1.62% in 2018. The maximum monthly overdue interest rate was also increased from 2.34% in 2017 to 2.52% in 2018 for Turkish lira, and from 1.97% in 2017 to 2.12% in 2018 for foreign exchange. The changes came into effect from July 1, 2018.
- To help Chinese tourists make electronic payments, UnionPay International signed an agreement with Yapi Kredi in June 2018. As per the agreement, Chinese tourists visiting Turkey can use their UnionPay cards to make payments at 350,000 in-store merchants and 2,000 online Yapi Kredi merchants. They can also withdraw funds at the bank’s 4,000 ATMs. In 2018, approximately 400,000 Chinese tourists are expected to visit Turkey. This collaboration will help Yapi Kredi attract more users and thus boost the overall Turkish payment card market.
Make an Inquiry before Buying@ http://www.orbisresearch.com/contacts/enquiry-before-buying/2320137
Table of Contents
Market Overview
Executive Summary
Card-based Payments
Merchant Acquiring
E-commerce Payments
Mobile Proximity Payments
P2P Payments
Alternative Payments
Payment Innovations
Payments Infrastructure & Regulation
Appendix
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
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