The Republic of Turkey is a Eurasian country, located mostly on the Anatolian peninsula in Western Asia and on East Thrace in Southeastern Europe. Link to external site : Website for Turkey |  |
| Wallets | |
| Development | Secondary Emerging |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
655,881.40 Register/Log In |
| HDI classification | High |
| Mobile Connections (m) |
62.515 Upgrade to Bronze |
| Currency | TRY |
| Class | |
| CountryISO | TR |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["TR",73.888,17]],"options":{"title":"Countries","region":"TR","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["Turkcell",33007497],["Vodafone",17300628],["Avea (Turk Telekom)",12206813]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",15867650],["Q4 2001",19235270],["Q4 2002",24174199],["Q4 2003",28057979],["Q4 2004",34775000],["Q4 2005",44250000],["Q4 2006",52048000],["Q4 2007",61456000],["Q4 2008",65920000],["Q4 2009",62865000],["Q4 2010",63610877],["Q4 2011",63950585],["Q4 2012",64235840],["Q4 2013",64478943],["Q4 2014",64688395]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Location",1],["Mobile",6],["Web",5]],"options":{"title":"Initiatives ( 8 of 8 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1],["Bank",5],["MNO",1],["TechWeb",1],["Vendor",1]],"options":{"title":"Initiatives ( 8 of 8 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["DW",2],["MB",2],["MMT",1],["MP",1],["MT",1],["OP",1]],"options":{"title":"Initiatives ( 8 of 8 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["AT",1],["BP",1],["DMT",4],["IMT",2],["LP",1],["MB",2],["MM",1],["MP",2],["NFC",1],["OB",1],["OP",3],["PC",1]],"options":{"title":"Initiatives ( 8 of 8 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Account",5],["Card",4],["PC",1],["Wallet",4]],"options":{"title":"Initiatives ( 8 of 8 )"}} |
| Central Bank | |
| Key Regulations | |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system based on various European legal systems notably the Swiss civil code; note - member of the European Court of Human Rights (ECHR), although Turkey claims limited derogations on the ratified European Convention on Human Rights Upgrade to Bronze |
| Law is based on |
Modeled after the Swiss civil law (Zivilgesetzbuch) of 1907; choice to abolish Islamic law (Sharia), aiming at westernizing the country Upgrade to Bronze |
| Approach |
Ex Ante Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
NB Led Upgrade to Bronze |
| DominantModel |
TP Led Upgrade to Bronze |
| E-Money |
E-money schemes started early (See cpss80 pg 26 for details). Upgrade to Bronze |
| Payment | |
| Agent | |
| Money Transfer |
Do money transfer at ATMs to card. Cross border remittances can be sent and received by the Post Office, through agreements with it's counterparts. No postal bank in Turkey as of 2007. Central Bank of the Republic of Turkey (CBT) does not have direct role in development of e-money which has instead been a matter for commercial banks and Banks Association of Turkey. Upgrade to Bronze |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",79.54],["Banked",49],["Internet",18],["Urban",68],["Adult",73],["Literate",88.65589759]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 73.89 |
| Adult % | 73.00 |
| Migrants % |
2.00 Register/Log In |
| Stock Immigrants ('000) |
1,410.90 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) | |
| Internal Migration Rate % | |
| Intl Movement Rate % | |
| Urban % | 68.00 |
| Female % | 52.00 |
| Literate % | 88.66 |
| Annual Growth % |
| Mobile Penetration % | 79.54 |
| Banked % | 49.00 |
| Access to FS % | 49.00 |
| Internet % | 18.00 |
| Branches per 100k adults | 17.36 |
| ATMs per 100k adults | 40.99 |
| POS per 100k adults | 3,045.97 |
| Prepaid % | 79.10 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 29.97 |
| Monthly ARPU |
10.76 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Prime Candidate Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |
Yapi Kredi, a top retail, private and commercial bank in Turkey Upgrade to Bronze |