
According to Interbank Card Center (BKM) data, while 3 out of every 5 merchants can accept contactless payments, 1 out of every 10 credit card transactions is made contactless.
Transaction limit for contactless payments rises to 120 TL
Interest in and trust of contactless payments, which allow payments to be made much faster and more easily, are steadily increasing. As of 1 August 2019, contactless payments made with cards and mobile devices in shopping can be made without a PIN up to 120 TL, and with a PIN above this amount.
Turkey loves contactless cards: daily contactless transactions have passed 1 million

BKM Deputy General Manager Celal Cundoglu also shared other noteworthy data on contactless payments. "The number of contactless transactions, which was around 1 million per day at the end of March 2019, rose by 30 percent to 1.3 million by the end of June, and the monthly contactless transaction volume rose by 26 percent to 1.3 billion TL. These increases, observed in the short span of 3 months, are an important sign that card users' and merchants' trust in contactless payments grows every day. In addition, payments made in cash take an average of 16 seconds, while payments made with contactless cards take 9 seconds. So contactless payments are preferred by card users and merchants also because of the speed advantage they offer."
1 out of every 10 credit card transactions is contactless
According to BKM data, 1 out of every 2 credit cards in our wallets has the contactless feature. This is observed to be reflected in shopping as well. Accordingly, about 1 out of every 10 face-to-face credit card transactions is made contactless. Merchants' interest in contactless payments is also increasing. According to June 2019 data, 3 out of every 5 merchants can accept contactless payments.
1.2 million mobile contactless transactions were made
An increase is observed in the number of contactless transactions made not only with cards but also with mobile devices. BKM data show that 1.2 million mobile contactless transactions were made in the first 6 months of 2019, a figure that doubled compared with the same period last year. The amount spent in contactless shopping with mobile devices since the beginning of this year is seen to have exceeded 52 million TL.



