Turkey's credit card spending surges 35% to 2.5 trillion lira in September

Data from the Interbank Card Center show that September credit card payments in Turkey reached 2.5 trillion lira, a 35% jump compared with the same month a year earlier and representing the bulk of the nation's 3 trillion lira card-spending total. Credit card transactions increased by 12% to 1.14 billion, and the stock of credit cards grew 11% to 155 million. When debit, prepaid and credit cards are combined, total card payments rose to 2.97 trillion lira, also a 35% rise year-on-year. The overall number of cards in circulation rose modestly, and e-commerce payments continued to expand, with online card spending up 35% to 901 billion lira, making up 30% of all card transactions.