The number of POS transactions at terminals in Turkey has shown a consistent upward trajectory from 2013 to 2023, with a few exceptions. By 2023, the volume reached 5.25 billion units. Significant year-on-year increases were evident in years like 2021 (30.93%), indicative of a strong rebound post-2020's sharp dip (-13.93%) due to the pandemic. The average annual growth rate (CAGR) for the past five years stood at 3.51%, showing a moderate but stable increase. Looking ahead, from 2024 onwards, the forecasted CAGR is 2.3%, marking a future growth rate of 12.06% by 2028.
Future trends to watch for include the adoption of contactless payments, integration of digital wallets, and the impact of emerging fintech solutions. These innovations are likely to contribute to the growth and transformation of POS transactions in Turkey.
