IDEAS home Printed from https://ideas.repec.org/a/aza/jpss00/y2016v10i3p230-237.html
   My bibliography  Save this article

The Turkish payment market and its specifics: An interview with Soner Canko

Author

Listed:
  • Canko, Soner
  • Bruggink, Diederik

    (Head of Innovation and Payments at ESBG, Belgium)

Abstract

The Turkish cashless payments market has become one of the most important markets in Europe with its strong infrastructure and many innovative products and services. Turkey is the largest market in Europe, with its 114 million debit cards, 59 million credit cards and 2.5 million terminals. BKM, with its pivotal role in the Turkish banking sector, has pioneered innovations in payments, and Turkish banks have rolled out best-in-class payment products well ahead of their counterparts in other advanced markets — BKM launched the world’s first national digital wallet. BKM developed several e-government projects and continues to develop ways to make Turkey a more cashless society. In fact, the role of BKM has turned to becoming an incubation centre for innovation in card payments systems for issuers and acquirers operating in Turkey. In this scope, Troy, the Turkish National Payment Scheme, has been initiated by issuers and acquirers in Turkey and has been developed in close collaboration with all stakeholders: BKM, issuers and acquirers. In this interview, Soner Canko, CEO of BKM, provides insights in the Turkish payments market, the role of BKM therein, and tells us about the launch of Troy.

Suggested Citation

  • Canko, Soner & Bruggink, Diederik, 2016. "The Turkish payment market and its specifics: An interview with Soner Canko," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 10(3), pages 230-237, October.
    • Handle: RePEc:aza:jpss00:y:2016:v:10:i:3:p:230-237
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/3156/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/3156/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Turkey; BKM; Troy; domestic card scheme; debit cards; credit cards;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jpss00:y:2016:v:10:i:3:p:230-237. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.