Debit cards

Credit card spending surged 120 percent in April

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.

Targeting card commissions

Economy Minister Kostis Hatzidakis intends to raise the issue of fees for the use of credit or debit cards during his meeting next week with representatives of the two payment-technology corporations MasterCard and Visa, in an attempt to contain the costs of plastic money, especially for product categories with a small profit margin, such as tobacco, newspapers etc.

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