Payment card

Card and Payment Industry on the Rise in Bulgaria

According to a new report, the proliferation of payment cards in circulation nationwide grew 2.08% annually from 2009 to 2013, resulting in a figure of USD 8.5 M 2013. Thanks largely to increased awareness and new technologies such as contactless cards, the average transaction value also increased to USD 85.5 (15th in Europe).

Turkish gov't reveals new measures aimed at fueling economic activity

Ankara has announced a number of new measures on credit cards and loans in an attempt to ease the strain on consumers and stimulate economic activity. 

Prime Minister Binali Yıldırım said late on Sept. 21 that credit card payment installment limits had been increased from nine to 12, while restrictions on food, telecommunications and fuel purchases would continue. 

Turkey introduces electronic payment clearing system

Turkey is introducing a new electronic card payment clearing system called TROY, the InterBank Card Center (BKM) announced on April 28.        

"We are ready. Since April 1, TROY has been available at all swiping machines and ATMs," Soner Canko, chairman of the card center, told a press conference.        

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