Credit cards

Foreign visitors to Greece spend significantly more than what the Bank of Greece has found, per data by Visa.

The Turkish Competition Board has initiated an investigation into global payment giants Mastercard and Visa over allegations of anti-competitive practices in Türkiye.

Credit card payments showed an annual increase to 86 percent in September, hitting 1.22 trillion Turkish Liras, according to the Interbank Card Center (BKM).

Hundreds of thousands of professionals insist on avoiding card transactions, or rarely use them. Although compared to previous years the situation is far better, it seems clear they prefer cash and, in some cases, cash under the table.

The U.S. Department of Justice filed an antitrust lawsuit against Visa on Sept. 24, alleging the company illegally maintains a monopoly over the use of debit cards in the United States.

Credit card spending increased by 120 percent in April compared with the same month last year to hit 930.4 billion Turkish Liras ($28.9 billion), according to data from the Interbank Card Center (BKM).

The number of credit cards in use in Türkiye rose by 15 percent year-on-year last month to reach a total of 122.1 million.

Warning from the Bank of Greece about the increase in the number and the value, of card fraud incidents – The types of transactions that are most susceptible

Cardholders in Greece lost 13.5 million euros in 2023, falling victim to fraud by people who either stole their card or their data. This is a part of the total loss that occurred through plastic money fraud, the amount of which increased from €16.2 million to €23.8 million (an increase of 46.9%), as the remaining €10.3 million was charged to banks and payment providers.

Credit card spending increased by 138 percent on an annual basis in March to hit 992 billion Turkish Liras ($30.4 billion), according to data from the Interbank Card Center (BKM).

The number of credit cards in use in Türkiye rose by 17 percent compared to March of last year to a total of 121.4 million.

Digital work card in industry and commerce from July 1st