Credit card spending surge 44 percent in April
Total payments made in Türkiye using credit cards, debit cards and prepaid cards surged 44 percent year-on-year in April, reaching 2.56 trillion Turkish Liras, according to data by the Interbank Card Center (BKM).
Credit cards accounted for the vast majority of the transactions, driving 2.2 trillion liras of the total spending. Debit cards made up 367 billion liras, while prepaid cards registered 7.6 billion liras in transaction volume.
The transaction value for credit card payments increased by 44 percent and debit card usage rose by 48 percent. Conversely, spending via prepaid fell 60 percent compared to the same month last year.
Online card payments climbed 39 percent year-on-year to hit 757 billion liras in April. With this growth, internet-based transactions captured a 30 percent share of the total card spending volume.
