Turkey Credit and Debit Card Market is Expected to Register a Transaction Value of around TRY 1.5 Trillion and around TRY 2 Trillion Respectively by 2023: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Rising population in Turkey is expected to increase the number of citizens associated with the banking sector, thereby increasing the credit and debit card circulation in the economy. A surge in ATM terminal network will increase the debit card usage as still a major portion of debit card holders use debit card for cash withdrawals. With a surge in the number of POS network across the country, the usage of direct shopping purchases is expected to surge in future. Surge in E-commerce Transactions: E-commerce transactions have been on a surge since 2010 in the country. Majority of the payment methods for any E-commerce transactions are concentrated towards credit cards followed by debit cards and cash on delivery. The digital wallets have been showing a robust growth in terms of value and volume of transactions, with credit and debit cards again dominating the space for adding money to the Digi wallet. Since E-commerce transactions have shown continuous growth and are expected to have a faster growth in the years to come, the volume and value of debit card and credit card transaction will rise. Sectoral Spending: The growth driving sectors for credit card are super markets and shopping malls, petrol stations, grocery stores and ready to wear clothes and accessories as they account for highest spending. Micropayments are the primary area where Turkish consumers still prefer cash. The average amount spent on these purchases may be small, but consumers might make several of these transactions every day. For debit cards, the ready to wear accessories and shopping malls and super markets have reported highest inflow of income, hence they possess huge potential in future to spur the transaction value in future. However for day to day transactions, cash is the preferred mode of payment and still has a long way to go. In the near future, micropayments may act as a hurdle to the Turkish government in becoming a cashless nation. Transition from Cash Dependent to Cash less Economy: Consumers tend to prefer the convenience of cash for daily transactions, and digital payment providers will need to overcome that if they want to change the way consumers pay. While there’s been a proliferation of digital payment methods, the ultimate decision belongs to the customers, and it is expected that traditional medium of payment such as cash will become redundant. In the recent years, the value of debit card transactions has witnessed a switch from cash withdrawals to direct shopping purchases as the card holder feel easier to conduct card transaction via direct merchant swipes and reduce the dependence of cash. Also, the cardholders are more motivated to conduct debit card / credit card transactions in order to earn reward points through the reward point program which are redeemable later on future purchases. Analysts at Ken Research in their latest publication “Turkey Cards and Payments Market Outlook to 2023 – Rapid Acceptance of TROY Cards and Contactless Cards Coupled with Rising Penetration of Credit Cards to Drive Market Growth” believe that Turkey Debit and Credit Card Market is expected to register a positive CAGR of 20.2%and 14.7% respectively in terms of value of transaction during the forecast period 2019-2023. Key Segments Covered:- Credit cards Value of transaction Volume of transaction Number of Credit card in circulation Domestic Transaction Using Domestic Credit Card International Transaction Using Domestic Credit Card Domestic Transaction using International Credit Card Sectoral Spending Debit Cards Value of transaction Volume of transaction Number of Debit card in circulation Domestic Transaction Using Domestic Debit Card International Transaction Using Domestic Debit Card Domestic Transaction using International Debit Card Sectoral Spending Key Target Audience:- Credit/ Debit Card Operator Credit/ Debit Card Issuers Prepaid Card Issuers/ Operators Local/ Foreign Bank Reward/ Loyalty Program Business Operators Payment gateway provider Credit/ Debit Card Issuer POS Device Manufacturers Debit/ Credit Card Manufacturing companies ATM Manufacturing Entities Investors Time Period Captured in the Report:- Historical Period: 2014-2018 Forecast Period: 2019-2023 Companies Covered in Turkey Card Market:- Issuers Turkiye Cumhuriyeti Ziraat Bankasi AS Turkiye Vakiflar Bankasi TAO Turkiye Halk Bankasi AS Denizbank Yapi ve Kredi Bankasi AS Turkiye Is Bankasi AS (Is bank) Garanti Bankasi AS Ak bank TAS Finansbank AS TEB AS Seker Bankasi AS HSBC Bank AS Citigroup Inc Operators Visa Inc MasterCard International Inc American Express Co Troy Key Topics Covered in the Report:- Stake Holders in Turkey Card Market Genesis of Turkey Card Market Credit and Debit Card Coverage Market Size by Number of Cards in Circulation (2014-2018) Market Size by Value of Transaction (2014-2018) Market Size by Volume of Transactions (2014-2018) Market Segmentation of Turkey Cards Market (2014-2018) on Cash Withdrawals and Shopping Purchases Sectoral Spending by Debit and Credit Card (2018) Volume of Transaction Value of Transaction Growth Drivers, Trends and Developments in Turkey Card Market Issues and Challenges in Turkey Card Market Competition Scenario in Turkey Card Market Turkey Card Market Future Outlook and Projections, 2019-2023 Analyst Recommendations For More Information, refer to below link:- Turkey Cards and Payments Market Related Reports:- Russia Payment Services Market Outlook To 2025- Breaking New Grounds Through Alternative Payment Systems Such As Contactless Payments Albeit Challenging Profitability Of Incumbent Firms) Saudi Arabia Cards and Payments Market Outlook to 2023 – Increasing Penetration of Islamic Credit Cards Coupled with Rising Preference for Online Shopping to Drive Market Growth Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Ak bank TAS Cards and Payments Market Size, American Express Cards and Payments Market Sales, cards and Payments Industry in Turkey, cards and Payments Market in Turkey, Citigroup Cards and Payments Market Revenue, Credit Card Average Transaction Value in TRY, Credit Card Value Transaction Turkey, Credit Card Volume Transaction in Turkey, Debit Card Average Transaction Value in TRY, Debit Card Value Transaction in Turkey, Debit Card Volume Transaction in Turkey, Denizbank Cards and Payments Market Revenue, Finansbank AS Cards and Payments Market Shares, Garanti Bankasi AS Cards and Payments Market Revenue, HSBC Bank AS Cards and Payments Market Shares, Industry Research Report Of Turkey Cards and Payments, Kredi Kartı Değeri İşlemi Türkiye, Major Companies in Turkey Card Market, Market Research Report Of Turkey Cards and Payments, MasterCard International Cards and Payments Market Size, Merchant Card Market in Turkey, Number of ATM Terminals in Turkey, Number of POS Machines in Turkey, Number of POS Terminals Turkey, Payment Modes in Turkey, Seker Bankasi AS Cards and Payments Market Revenue, TEB AS Cards and Payments Market Size, Total Number Of Credit Card Operator In Turkey, Total Number of Credit Cards in Turkey, Total Number Of Debit Card Operator In Turkey, Total Number Of Foreign Bank In Turkey, Total Number of Foreign Individual Cards Turkey, Total Number Of Local Bank In Turkey, Total Number of Tourists in Turkey in Million, Troy Cards and Payments Market Revenue, Turkey ATM Market, Turkey Card Operator Market, Turkey Card Sectoral Market, Turkey Cards and Payments Industry, Turkey Cards and Payments Industry Research Report, Turkey Cards and Payments Market, Turkey Cards and Payments Market Analysis, Turkey Cards and Payments Market Competition, Turkey Cards and Payments Market Forecast, Turkey Cards and Payments Market Future Outlook, Turkey Cards and Payments Market Major Players, Turkey Cards and Payments Market Research Report, Turkey Cards and Payments Market Revenue, Turkey Cards and Payments Market Shares, Turkey Cards and Payments Market Size, Turkey Cards and Payments Market Trends, Turkey Cards Market, Turkey Commercial Cards Market, Turkey Contactless Cards Market, Turkey Credit Card Issuer Market, Turkey Credit Card Manufacturing Companies, Turkey Credit Card Market, Turkey Debit Card Issuer Market, Turkey Debit Cards Market, Turkey Domestic Card Market, Turkey Domestic Transaction Card Market, Turkey International Transaction Card Market, Turkey Number of Domestic Transaction with Domestic Debit Card, Turkey Number of Domestic Transaction with International Debit Card, Turkey Number of Domestic Transactions with International Credit Cards, Turkey Number of International Transaction with Domestic Debit Card, Turkey Number of International Transactions with Domestic Credit Card, Turkey Payment Gateway Market, Turkey Payment Market Shares, Turkey Payments Market, Turkey POS Device Manufacturers, Turkey POS Market Size, Turkey PrePaid Card Issuers Market, Turkey PrePaid Card Operators Market, Turkey TROY Cards Market, Türkiye ATM Pazarı, Türkiye Banka Kartı İhraççı Piyasası, Türkiye Banka Kartları Piyasası, Turkiye Cumhuriyeti Ziraat Bankasi AS Cards and Payments Market Shares, Turkiye Halk Bankasi AS Cards and Payments Market Sales, Türkiye İç İşlem Kartı Piyasası, Turkiye Is Bankasi AS (Is bank) Cards and Payments Market Size, Türkiye Kart Pazarı, Türkiye Kartlar ve Ödemeler Piyasası, Türkiye Kredi Kartı İhraççı Piyasası, Türkiye Ödeme Piyasası Payları, Türkiye pos pazar büyüklüğü, Türkiye TROY Kart Marketi, Türkiye Uluslararası İşlem Kartı Piyasası, Turkiye Vakiflar Bankasi TAO Cards and Payments Market Size, Türkiye'deki ATM Terminal Sayısı, Turley International Card Market, Visa Cards and Payments Market Shares, Yapi ve Kredi Bankasi AS Cards and Payments Market Shares