Card Payments in Turkey: Trends in contactless and mobile payments

This is the last part of a two-part series about card payments in Turkey.  The first part of the series provided a market overview.  This post looks at trends in contactless and mobile payments.

When it comes to contactless space, Turkey is the second country in Turkey after the UK. Number of contactless credit cards have almost reach % 6 of the total number and it seems that the growth will continue. Garanti Bank leads the market here and there are unconfirmed plans that they will migrate all the card portfolio into contactless cards.

Card payments in Turkey: Market Overview

Turkey is a trend-setter in the card payments space.  Understanding what is happening in Turkey could help us understand our own markets.  

Mr Burak Ilgicioglu is the guest writer, and provides an overview of the market and trends there.  Burak has been working on card payment systems since 1994. He has worked for 4 different banks and 2 different payment processors and still working for a bank as the card payment systems analysis manager in Turkey.  He is married with 2 kids. His main areas of interest are smart cards, contactless systems, Visa & MasterCard systems, networks and regulations. He is the creator of the blog focused on contactless systems : http://contactless-world.com

Universal Financial Access by 2013

[Manju Murthy] In my earlier post, I wrote about the opportunities for disruptive innovations as emerging markets address financial inclusion, I had also written about Sanjay Bhargava, who is championing Universal Financial Access in India. He has graciously agreed to be a guest blogger at Commerce Insights (follows). Additionally Universal Financial Access India, a LinkedIn group, has been created to enable interested professionals continue such discussions and to network with each other. Please sign up to this group as well.

[Sanjay Bhargava] Manju, thank you for inviting me to be a guest writer on your blog and sharing in the dream that real and not cosmetic UFAI (Universal Financial Access in India) can be achieved by 2013.

I would like to start this first post with two extracts from the Nobel acceptance speech given by Prof. Muhammad Yunus. For the full speech see http://nobelprize.org/nobel_prizes/peace/laureates/2006/yunus-lecture-en.html

“We wanted to go to the moon, so we went there. We achieve what we want to achieve. If we are not achieving something, it is because we have not put our minds to it. We create what we want.”

“I firmly believe that we can create a poverty-free world if we collectively believe in it. In a poverty-free world, the only place you would be able to see poverty is in the poverty museums. When school children take a tour of the poverty museums, they would be horrified to see the misery and indignity that some human beings had to go through. They would blame their forefathers for tolerating this inhuman condition, which existed for so long, for so many people.”

I think it is important that we set ourselves measurable BHAG (Big Hairy Ambitious Goals) and my first attempt at articulating five goals for 2013 is there for everyone to look at and comment on. See this five slide presentation http://www.slideshare.net/sbhargav1/ufai-five-goals-2013

Do you think UFA should be a national priority for India and that the five goals for 2013 can be achieved with high innovation and low subsidies?

The presentation also refers to a set of whitepapers which can be downloaded from http://www.slideshare.net/sbhargav1

Most of you will not have the time or the inclination to read the whitepapers and may find them complex without explanation and context. I plan to do a series of bite sized posts highlighting the main points over the next few weeks. We are all learning and seeking solutions so critical comments are very welcome. Together we will find a way. I look forward to collective action and an interesting debate.