Global

Turkey Launches Probe Into Apple Payment Practices

Rekabet

"The Competition Authority is currently conducting the Mobile Ecosystems Sector Inquiry concerning smart mobile devices and their software, with an aim to understand the structure and operation of the relevant sector and to determine the structural and/or behavioral competition issues in the sector."

Tags: Turkey

Global

Turkey’s Two-Tier CBDC to Support Programmable Payments

CoinGeek

"Turkey’s central bank digital currency (CBDC) will support programmable payments and be offered through financial intermediaries. It will only support one account per user, which will be accessible through all financial institutions, the central bank has revealed."

Tags: Turkey

Global

Biometric Payment Cards Launching in Japan, Turkey

Biometric Update

"Credit card fraud is spiking in Japan, with a 30 percent year-over-year increase, leading to greater interest from banks in biometric cards as well as metal cards, according to the announcement."

Tags: Japan Turkey

Global

Turkey Curbs Credit Card Use for Foreign Travel, in Blow to Sector

Reuters

"Turkey's banking watchdog has stopped allowing credit card payments by instalment for foreign travel, such as flights, travel agency fees and accommodation, in a step seen dealing a blow to foreign travel operators."

Tags: Turkey

Global

Bango, TPAY, and Etisalat Egypt Launch Direct Carrier Billing with Google To Enable IN-APP Purchases and Subscriptions for over 30 million Subscribers

GlobeNewswire News Room

"TPAY, the leading payment provider for the Middle East, Turkey, and Africa (META), today announces, through its partnership with Bango and Etisalat Egypt, the launch of Direct Carrier Billing (DCB) with Google for over 30 million subscribers. The collaboration will create an easier experience for Android users to purchase apps, games, and digital content on their devices on Google Play."

Tags: Africa Middle East Turkey

Global

IDEX Biometrics Continues Expansion of Biometric Payment Cards with a Third Issuer in Turkey

GlobeNewswire News Room

"IDEX Biometrics continues the expansion of biometric payment card programs with another Turkish issuer. Cards from this innovative issuer focused on premium financial products will be available throughout Turkey as of the fourth quarter of 2023."

Tags: Turkey

Global

IDEX Biometrics Launches Its First Biometric Payment Card in Turkey

Fintech

“IDEX Biometrics has launched its first biometric payment cards in Turkey in collaboration with an unnamed issuer. These cards are expected to be in consumer hands by Q1 2023. This move comes shortly after IDEX announced a partnership with card manufacturer E-Kart. It claims Turkey is one of the largest payment card markets, with 240 million cards in circulation and 1.8 million acceptance locations. IDEX develops fingerprint identification technologies that offer simple, secure and personal authentication. It claims to help people easily complete payments that are secured against their identity.”

Tags: Turkey

Global Systems

Bitcoin Tumbles After Turkey Bans Crypto Payments Citing Risks

Reuters

“Bitcoin tumbled more than 4% on Friday after Turkey’s central bank banned the use of cryptocurrencies and crypto assets for purchases citing possible “irreparable” damage and transaction risks. In legislation published in the Official Gazette, the central bank said cryptocurrencies and other such digital assets based on distributed ledger technology could not be used, directly or indirectly, to pay for goods and services.”

Tags: Cryptocurrencies Turkey

Global Tech

Turkey’s BKM unveils checkout-free payments

Finextra

“Installed at a music and bookstore in Istanbul, the system requires a shopper to use a POS device to scan the barcodes on items they are buying. A QR code then appears on the POS screen, which the shopper scans with the BKM Express app on their phone before getting a notification of the transaction.”

Tags: QR codes Turkey