Debit card

Credit card payments increase 78 percent in November

Credit card payments rose by 78 annually in November, topping 1.3 trillion Turkish Liras ($37.2 billion), according to the Interbank Card Center (BKM).

There were 128.9 million credit cards in use in the country as of last month, marking an 11 percent rise from a year ago, while the number of transactions with credit cards grew 15 percent year-on-year to 895.2 million.

Consumer morale improves for second consecutive month

The consumer confidence index increased by 2.4 percent month-on-month in September, after inching up 0.6 percent in August.

The index climbed from 76.4 last month to 78.2 this month, data from the Turkish Statistical Institute (TÜİK) showed on Sept. 20.

Any figure above the 100 mark indicates optimism among consumers.

Banks move to monthly use fees

Banks are considering replacing fees for each transaction with monthly fees that will vary according to the package the customers use.

More expensive packages will come with more benefits, but, in any case, are planned to cost no more than 10 euros per month.

Bill payments and money transfers account for the vast majority of electronic transactions currently subject to a fee.

Tax returns: After the extension, attention to payment deadlines

The Ministry of National Economy and Finance has announced a one-day extension to the deadline for filing tax returns.

Specifically, millions of individuals have until August 2 to correct any errors or omissions on income tax returns they have already filed, if they submit amended returns by that date.

When it’s time to pay the bill

Most Greeks who reach the checkout and find themselves a couple of euros short of paying the bill will most likely mutter something about forgetting their debit card at home, right? They'll probably be embarrassed at the idea of the cashier knowing that they're struggling and even more so at having the scene witnessed by other customers.

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