Payment Solutions in Turkey

Territories - Asia

Transform your business with our payment solutions in Turkey

A dynamic and rapidly growing e-commerce marketplace with a unique position geographically

Turkey’s payment scene is dynamic and increasingly digital, with a significant shift towards alternative payment methods. Consumers and businesses alike are embracing mobile payments, eWallets, and QR code payments as convenient alternatives to traditional banking. In 2023, mobile payments saw substantial growth, with over 60% of consumers using them regularly for purchases. Additionally, Turkey’s eCommerce market has expanded rapidly, with online sales reaching $27 billion. Bank cards remain popular, but digital wallets such as BKM Express and Paycell are gaining traction, reflecting the country’s growing appetite for cashless transactions. For businesses, payment gateways like Iyzico and PayU provide seamless integration for online payments, supporting the shift towards digital commerce.

Market Overview

Population

87.4 million
Online Population

74.4 million
Currency

TRY

e-Commerce Market Value

$28.6 billion
GDP

$1.1 trillion
GDP per Capita

$12,765

Available Payment Methods

UBank Connect offers tailored payment solutions in Turkey, providing businesses and consumers with secure and efficient transaction options. Our platform supports Bank Transfer and Papara, two of the most popular payment methods in the country. Whether you’re running an eCommerce store or providing services, UBank Connect ensures that your customers can complete transactions quickly and safely, enhancing their overall experience.

For businesses, our payment solutions simplify financial management, reduce transaction times, and improve customer satisfaction. Consumers benefit from seamless and secure payments, making it easier to shop, pay bills, or transfer funds. Elevate your payment processes with UBank Connect today and see how we can help your business thrive in Turkey!

Why choose UBank Connect?

Direct connection to banks
Dedicated bank account(s)
Local technology and operations team
Flexible and competitive rates
Global reach with a single API access
Support in emerging markets

Key Takeaways

Turkey’s payment landscape has seen a significant shift towards digital transactions, fueled by the rise in smartphone usage and online shopping. In 2023, over 70% of transactions in Turkey were conducted electronically, showcasing the growing preference for cashless payments. This trend is expected to continue as digital services and eCommerce platforms expand across the country.
Turkey’s payment landscape has experienced significant digital transformation, driven by increasing smartphone penetration and the growing popularity of mobile payment apps like Papara.
Turkey has the greatest credit card penetration among its peers with 84.6 cards per 100 people. Turkish customers are frequent credit card users, using their cards an average of 61.2 times each year for payments.
Turkey’s e-commerce market expanded by 33.2% thanks to high internet and smartphone penetration, rising consumer trust in online purchases, and other factors.

Get started today!

Discover how UBank Connect can enhance your payment solutions in Turkey. Contact us today to learn more about how we can support your business. Let’s connect and take your payment processes to the next level.

Territories - Asia

Transform your business with our payment solutions in Turkey

A dynamic and rapidly growing e-commerce marketplace with a unique position geographically

Market Overview

Population

Online Population

Currency

e-Commerce Market Value

GDP

GDP per Capita

Available Payment Methods

Why choose UBank Connect?

Key Takeaways

Get started today!

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