TROY (Türkiye's Payment Method), founded by the Interbank Card Center (BKM) and licensed by both the BRSA and the Central Bank in March 2016, is becoming a company.
While announcing the financial sector part of the Economic Reform Package, President Recep Tayyip Erdoğan said, “We are bringing TROY under a separate corporate roof.” It was learned that the Central Bank has carried out the necessary work on the matter and that TROY will be positioned as a separate company within this year.
According to the latest data, there are around 10 million TROY-branded cards; TROY is a card payment scheme founded and operated by BKM. Around the world, many countries from Canada to Italy and from South Korea to India have their own domestic payment systems. BKM created the TROY brand in 2016 so that Türkiye could also take its place in this field. In April 2020, the Central Bank became the controlling shareholder of BKM, which was founded in 1990 as a partnership of 13 public and private Turkish banks.
