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Citizen Loaded Their Cards in January: Expenditure of 1.6 Trillion Lira

The card-based expenditures of citizens accelerated in January. A total of 1.6 trillion lira was spent with credit, debit, and prepaid cards. In January, the number of credit cards in Turkey exceeded 130 million. According to Bank Cards Center (BKM) data, the total payment amount made in January with credit cards, debit cards, and prepaid cards increased by 66% compared to the same period of the previous year, reaching 1.61 trillion lira. BKM released its data for January. As of January, the number of credit cards in Turkey was 130.2 million, debit cards 195.6 million, and prepaid cards 113.1 million. Compared to last January, there was a 9% increase in credit card numbers, 3% in debit card numbers, and a 24% increase in prepaid card numbers. CARD PAYMENTS INCREASED BY 66% Credit cards, debit cards, and prepaid cards’ total payment amount in January increased by 66% compared to the previous year, reaching 1.61 trillion lira. Of the card payments, 1.3665 trillion lira was made with credit cards, 207.8 billion lira with debit cards, and 32.4 billion lira with prepaid cards. The growth rate in payments made with credit cards compared to the same period last year was 69%, 47% with debit cards, and 78% with prepaid cards. NUMBER OF PAYMENTS INCREASED BY 12% The total number of payments made with credit cards, debit cards, and prepaid cards in January increased by 12% compared to the same period last year, reaching 1.58 billion. 913.2 million of the card payments were made with credit cards, 538.1 million with debit cards, and 125.9 million with prepaid cards. The growth rate in the number of payments made with credit cards compared to the same period last year was 15%, 8% with debit cards, and 18% with prepaid cards.

Citizen Loaded Their Cards in January: Expenditure of 1.6 Trillion Lira

Cash for clunkers incentive drives up prices

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