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COMPETITIVE LANDSCAPE
Belbim leads closed loop pre-paid cards with its wide and loyal user base
Belbim AS maintained its position as the leading operator in closed loop pre-paid cards in Turkey in 2024, primarily due to its strong integration with Istanbul’s public transportation system and its early-mover advantage in the mobility and smart city services space. As the operator of the Istanbulkart, Belbim has established a wide and loyal user base, with millions of daily transactions taking place across buses, metros, ferries, and trams.
Innovation, strong local partnerships, and wide acceptance network ensure Mastercard maintains its lead in open loop pre-paid cards
Mastercard International Inc was the leading operator in open loop pre-paid cards in Turkey in 2024, driven by its strong global brand presence, strategic partnerships with local fintech firms and banks, and continued investment in digital infrastructure. Mastercard’s ability to provide a secure, flexible, and scalable payment network positioned it as the preferred choice for a wide range of pre-paid card issuers in the country.
Belbim broadens the range of services that can be accessed with its Istanbulkart
Belbim AS stood out as the leading issuer of closed loop pre-paid cards in Turkey in 2024, largely due to its dominant role in managing Istanbul’s public transportation payment system through the Istanbulkart. This card, which is exclusively issued by Belbim, is widely used across buses, metros, ferries, trams, and funiculars throughout Istanbul, one of the largest and most densely populated cities in Europe.
Papara capitalises on the growing demand for alternative financial services that are faster, more flexible, and more accessible than traditional banking
Papara Elektronik Para ve Ödeme Hizmetleri AS was the leading issuer of open loop pre-paid cards in 2024, driven by its strong brand recognition, user-friendly platform, and deep penetration among young, digital-native consumers. As one of Turkey’s most prominent fintech companies, Papara capitalised on the growing demand for alternative financial services that are faster, more flexible, and more accessible than traditional banking.
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Overview:
Understand the latest market trends and future growth opportunities for the Pre-Paid Card Transactions industry in Turkey with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Pre-Paid Card Transactions industry in Turkey, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Pre-Paid Card Transactions in Turkey report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Pre-Paid Card Transactions in Turkey?
- What are the major trends key to understanding Pre-Paid Card Transactions in Turkey?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Credit Cards in Turkey - Category analysis
Credit Cards in Turkey - Company Profile
KEY DATA FINDINGS
Consumers increasingly rely on credit cards to manage daily expenses and preserve purchasing power
Expansion in the banked population and high inflation ensure broader credit card ownership
Growth of e-commerce and mobile phone-based payments accelerate credit card usage
Further expansion supported by a well-established and technologically advanced banking infrastructure
Premium cards cater to consumers seeking a more tailored and value-added banking experience
Issuers that can offer enhanced security, integrated digital experiences, and tailored value-added services will be better positioned to succeed
Visa’s broad infrastructure and continuous innovation ensure it remains at the forefront of the credit card market
With a focus on security, digital innovation, and added-value services, Yapi ve Kredi Bankasi is the leading issuer
Isbank’s dynamism driven by its innovation, broad customer reach, and strong digital transformation
Mastercard expands its presence through collaborations and investing in advanced payment technologies
Table 1 Credit Cards: Number of Cards in Circulation 2020-2025
Table 2 Credit Cards Transactions 2020-2025
Table 3 Credit Cards in Circulation: % Growth 2020-2025
Table 4 Credit Cards Transactions: % Growth 2020-2025
Table 5 Commercial Credit Cards: Number of Cards in Circulation 2020-2025
Table 6 Commercial Credit Cards Transactions 2020-2025
Table 7 Commercial Credit Cards in Circulation: % Growth 2020-2025
Table 8 Commercial Credit Cards Transactions: % Growth 2020-2025
Table 9 Personal Credit Cards: Number of Cards in Circulation 2020-2025
Table 10 Personal Credit Cards Transactions 2020-2025
Table 11 Personal Credit Cards in Circulation: % Growth 2020-2025
Table 12 Personal Credit Cards Transactions: % Growth 2020-2025
Table 13 Credit Cards: Number of Cards by Issuer 2020-2024
Table 14 Credit Cards: Number of Cards by Operator 2020-2024
Table 15 Credit Cards Payment Transaction Value by Issuer 2020-2024
Table 16 Credit Cards Payment Transaction Value by Operator 2020-2024
Table 17 Commercial Credit Cards: Number of Cards by Issuer 2020-2024
Table 18 Commercial Credit Cards: Number of Cards by Operator 2020-2024
Table 19 Commercial Credit Cards Payment Transaction Value by Issuer 2020-2024
Table 20 Commercial Credit Cards Payment Transaction Value by Operator 2020-2024
Table 21 Personal Credit Cards: Number of Cards by Issuer 2020-2024
Table 22 Personal Credit Cards: Number of Cards by Operator 2020-2024
Table 23 Personal Credit Cards Payment Transaction Value by Issuer 2020-2024
Table 24 Personal Credit Cards Payment Transaction Value by Operator 2020-2024
Table 25 Forecast Credit Cards: Number of Cards in Circulation 2025-2030
Table 26 Forecast Credit Cards Transactions 2025-2030
Table 27 Forecast Credit Cards in Circulation: % Growth 2025-2030
Table 28 Forecast Credit Cards Transactions: % Growth 2025-2030
Table 29 Forecast Commercial Credit Cards: Number of Cards in Circulation 2025-2030
Table 30 Forecast Commercial Credit Cards Transactions 2025-2030
Table 31 Forecast Commercial Credit Cards in Circulation: % Growth 2025-2030
Table 32 Forecast Commercial Credit Cards Transactions: % Growth 2025-2030
Table 33 Forecast Personal Credit Cards: Number of Cards in Circulation 2025-2030
Table 34 Forecast Personal Credit Cards Transactions 2025-2030
Table 35 Forecast Personal Credit Cards in Circulation: % Growth 2025-2030
Table 36 Forecast Personal Credit Cards Transactions: % Growth 2025-2030
Debit Cards in Turkey - Category analysis
Debit Cards in Turkey - Company Profile
KEY DATA FINDINGS
Strong growth as consumers increasingly choose debit cards over cash
Behavioural shift driven by the ease and speed of contactless debit card payments
Banks support growth through tailored loyalty campaigns and emphasising the security advantages of debit card transactions
Further growth with banks increasingly promoting debit cards
Evolution of security of debit card payments
Students to play an increasingly important role in the future of debit card adoption
Visa’s broad infrastructure and continuous innovation ensures it maintains its position as the leading operator
Ziraat Bank’s lead driven by its broad reach and strategic innovation
Accessible pricing, seamless digital integration, and robust security fuel dynamic growth of HSBC
Mastercard strengthens its position through continuous innovation and strong partnerships with banks
Table 37 Debit Cards: Number of Cards in Circulation 2020-2025
Table 38 Debit Cards Transactions 2020-2025
Table 39 Debit Cards in Circulation: % Growth 2020-2025
Table 40 Debit Cards Transactions: % Growth 2020-2025
Table 41 Debit Cards: Number of Cards by Issuer 2020-2024
Table 42 Debit Cards: Number of Cards by Operator 2020-2024
Table 43 Debit Cards Payment Transaction Value by Issuer 2020-2024
Table 44 Debit Cards Payment Transaction Value by Operator 2020-2024
Table 45 Forecast Debit Cards: Number of Cards in Circulation 2025-2030
Table 46 Forecast Debit Cards Transactions 2025-2030
Table 47 Forecast Debit Cards in Circulation: % Growth 2025-2030
Table 48 Forecast Debit Cards Transactions: % Growth 2025-2030
Pre-Paid Cards in Turkey - Category analysis
Pre-Paid Cards in Turkey - Company Profile
KEY DATA FINDINGS
Widespread appeal of pre-paid options
E-commerce expansion fuels strong growth of open loop cards
Changing consumer behaviour and tourism boost demand for pre-paid cards
Continued innovation and digitisation of pre-paid lunch cards
Omnichannel and mobile-first strategies central to the expansion and modernisation of the pre-paid card market
Pre-paid cards are a practical and accessible financial tool for younger consumers
Belbim leads closed loop pre-paid cards with its wide and loyal user base
Innovation, strong local partnerships, and wide acceptance network ensure Mastercard maintains its lead in open loop pre-paid cards
Belbim broadens the range of services that can be accessed with its Istanbulkart
Papara capitalises on the growing demand for alternative financial services that are faster, more flexible, and more accessible than traditional banking
Table 49 Pre-paid Cards: Number of Cards in Circulation 2020-2025
Table 50 Pre-paid Cards Transactions 2020-2025
Table 51 Pre-paid Cards in Circulation: % Growth 2020-2025
Table 52 Pre-paid Cards Transactions: % Growth 2020-2025
Table 53 Closed Loop Pre-paid Cards Transactions 2020-2025
Table 54 Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
Table 55 Open Loop Pre-paid Cards Transactions 2020-2025
Table 56 Open Loop Pre-paid Cards Transactions: % Growth 2020-2025
Table 57 Pre-paid Cards: Number of Cards by Issuer 2020-2024
Table 58 Pre-paid Cards: Number of Cards by Operator 2020-2024
Table 59 Pre-paid Cards Transaction Value by Issuer 2020-2024
Table 60 Pre-paid Cards Transaction Value by Operator 2020-2024
Table 61 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2020-2024
Table 62 Closed Loop Pre-paid Cards: Number of Cards by Operator 2020-2024
Table 63 Closed Loop Pre-paid Cards Transaction Value by Issuer 2020-2024
Table 64 Closed Loop Pre-paid Cards Transaction Value by Operator 2020-2024
Table 65 Open Loop Pre-paid Cards: Number of Cards by Issuer 2020-2024
Table 66 Open Loop Pre-paid Cards: Number of Cards by Operator 2020-2024
Table 67 Open Loop Pre-paid Cards Transaction Value by Issuer 2020-2024
Table 68 Open Loop Pre-paid Cards Transaction Value by Operator 2020-2024
Table 69 Forecast Pre-paid Cards: Number of Cards in Circulation 2025-2030
Table 70 Forecast Pre-paid Cards Transactions 2025-2030
Table 71 Forecast Pre-paid Cards in Circulation: % Growth 2025-2030
Table 72 Forecast Pre-paid Cards Transactions: % Growth 2025-2030
Table 73 Forecast Closed Loop Pre-paid Cards Transactions 2025-2030
Table 74 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2025-2030
Table 75 Forecast Open Loop Pre-paid Cards Transactions 2025-2030
Table 76 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2025-2030
Financial Cards and Payments in Turkey - Industry Overview
Ongoing shift toward digital and credit-based solutions
KEY DATA FINDINGS
Strong growth with consumers increasingly relying on credit cards
Digital wallets and mobile payment solutions gain even more traction
Expansion of e-commerce plays a significant role in boosting credit card transactions
New credit card regulations aim to create a more secure, transparent, and sustainable financial environment
Increasing reliance on credit to manage daily expenses amid economic uncertainty
Rise of eco-conscious financial products
Turkiye Cumhuriyeti Ziraat Bankasi leads, enjoying an extensive customer base and strong reputation
Visa benefits from its strong global reputation, robust security infrastructure, and early adoption of innovative technologies
American Express’ growth driven by its strategic positioning in the premium and digitally engaged consumer segments
Papara Elektronik Para ve Ödeme Hizmetleri successfully positions itself as a modern, flexible, and accessible financial solution
Table 77 Number of POS Terminals: Units 2020-2025
Table 78 Number of ATMs: Units 2020-2025
Table 79 Value Lost to Fraud 2020-2025
Table 80 Card Expenditure by Location 2025
Table 81 Financial Cards in Circulation by Type: % Number of Cards 2020-2025
Table 82 Domestic versus Foreign Spend 2025
Table 83 Financial Cards by Category: Number of Cards in Circulation 2020-2025
Table 84 Financial Cards by Category: Number of Accounts 2020-2025
Table 85 Financial Cards Transactions by Category: Value 2020-2025
Table 86 Financial Cards by Category: Number of Transactions 2020-2025
Table 87 Consumer Payments by Category: Value 2020-2025
Table 88 Consumer Payments by Category: Number of Transactions 2020-2025
Table 89 M-Commerce by Category: Value 2020-2025
Table 90 M-Commerce by Category: % Value Growth 2020-2025
Table 91 Financial Cards: Number of Cards by Issuer 2020-2024
Table 92 Financial Cards: Number of Cards by Operator 2020-2024
Table 93 Financial Cards: Card Payment Transactions Value by Operator 2020-2024
Table 94 Financial Cards: Card Payment Transactions Value by Issuer 2020-2024
Table 95 Forecast Financial Cards by Category: Number of Cards in Circulation 2025-2030
Table 96 Forecast Financial Cards by Category: Number of Accounts 2025-2030
Table 97 Forecast Financial Cards Transactions by Category: Value 2025-2030
Table 98 Forecast Financial Cards by Category: Number of Transactions 2025-2030
Table 99 Forecast Consumer Payments by Category: Value 2025-2030
Table 100 Forecast Consumer Payments by Category: Number of Transactions 2025-2030
Table 101 Forecast M-Commerce by Category: Value 2025-2030
Table 102 Forecast M-Commerce by Category: % Value Growth 2025-2030
COUNTRY REPORTS DISCLAIMER
Summary 1 Research Sources
The following categories and subcategories are included:
Pre-Paid Card Transactions
- Closed Loop Pre-Paid Card Transactions
- Open Loop Pre-Paid Card Transactions
Pre-Paid Card Transactions
A card paid for at point of sale, and permitting the bearer to buy goods or services usually of a particular type up to the pre-paid value. These cards acts as an alternative to cash. The card can be disposable or re-loadable.
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This report originates from Passport, our Pre-Paid Card Transactions research and analysis database.
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