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BKM

Turkey launches its own national payment clearing system

Turkey has launched a new electronic card payment clearing system, the InterBank Card Center (BKM) has announced Sept. 30.  

The system, named "TROY," will be operational from April 1, 2016, the Center said.

"It is time that Turkey used its [own] payment system," Soner Canko, chairman of the Istanbul-based BKM, said on Sept. 30.