SmartDebit responds to increase in online credit card transactions in Turkey

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SmartDebit

(PRWEB UK) 14 February 2013

According to data released by Turkey’s Interbank Card Center, Turks are embracing online shopping as the number of online credit card transaction increased to the value of US$17.4 billion during 2012. This is compared with the previous years reported total of $12.9 billion.

The data also revealed that 19 million out of the existing 54 million credit cards in Turkey were used to purchase goods and services through the internet in 2012. Furthermore, the number of credit cards issued by the banks rose by 6 percent over the year, whilst the number of debit cards issued increased by 11 per cent, a total circulation of 91 million.

Point of sale terminals, which total 2.1 million throughout Turkey, also contributed to the growth in card usage. Shopping by via credit card totalled US$186.5 billion in 2012, a 25 percent increase from 2011. Debit cards usage experienced a 36 per cent growth during the past year, with the total value of debit transactions reaching US$8.9 billion.

Surrey-based SmartDebit offer an end to end service, including an online Direct Debit service via hosted or API facilities. A spokesperson from the firm commented on the latest report:

“We are always interested in payment performance data, regardless of the country. Much like the recent report on the increase in online transaction in the Philippines, Turkey’s e-commerce market is showing real growth. A global pattern is emerging, with products and services continuing to become accessible worldwide via internet". He continues, "Global smartphone penetration is also becoming a major factor in online sales. M-commerce accounted for 11 percent of total e-commerce sales in the UK in 2012 and is expected to continue rapid growth during 2013.”

SmartDebit continue to closely follow developments in the e-commerce industry.

About SmartDebit

SmartDebit is the UK’s leading Direct Debit Bureau, specialising in payment processing services since 1998. A Bacs approved Bureau, scoring ‘Excellent’ in all five categories of the Bacs audit, and ISO 27001 compliant. Providing a complete range of services: Outsourcing; SmartDebit-Admin cloud based portal; SmartDebit-Online payer sign up; SmartDebit-API integrated solution and SmartDebit-Contingency.

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