Turkey

A leading regional payments hub combining innovation, regulation, and digital adoption

Overview

Turkey’s payments ecosystem is one of the most advanced in the region supported by strong financial infrastructure, rapid fintech growth, and widespread digital adoption

The Central Bank of the Republic of Turkey (CBRT) has championed initiatives such as FAST (Instant and Continuous Transfer of Funds) and TROY, the national card scheme, positioning Turkey as a model for digital payments in emerging markets

Consumers and merchants alike are embracing contactless, mobile, and instant payment solutions at scale

Key Characteristics

High penetration of debit and credit cards with strong contactless usage

FAST instant payment system enabling 24/7 real time transfers

National card scheme TROY strengthening local payment independence

Large and tech savvy population fueling fintech expansion and e commerce

Supported Payment Methods

FAST real time payment system

Cards Visa Mastercard and domestic scheme TROY

Digital wallets such as Papara and Paycell

Internet and mobile banking transfers with QR capabilities

Contactless and tokenized payments across major banks and merchants

Key Providers

Leading banks including Ziraat Bank Garanti BBVA İşbank Akbank and Yapı Kredi

Fintech and wallet players such as Papara Paycell and ininal expanding financial access

TROY as the national card network and local processing standard

Regulation and Compliance

The Central Bank of the Republic of Turkey (CBRT) regulates payments with a focus on security innovation and competition

The Payment Services Law and data localization policies govern fintech licensing and ensure resilience of domestic payment infrastructure

Want to know more about payments in Turkey?

Contact Bizz2Pay today to discuss your requirements or get introduced to the right Payment Provider covering the most popular payment methods offered in Turkey