Forecast: Number of E-money Payments in Turkey

The number of e-money payments in Turkey has shown significant fluctuations over the past decade. From 2013 to 2017, the trend was generally downward, with considerable year-on-year variations and culminating in a sharp drop by 2017. From 2018 onwards, the data reflects a recovery and stabilization, with some volatility. Notably, the value stood at 69.46 million units in 2023. The YOY variation from 2022 to 2023 was minimal, at 1.82%, and the CAGR over the past five years was 0.81%. Over the forecasted period up to 2028, the average annual growth rate is expected to be 1.39%, showing a gradual and steady increase in e-money payments.

Future trends to watch for include potential technological advancements in digital payments, regulatory changes impacting the e-money sector, increased adoption of contactless payments, and the influence of economic factors on consumer behaviors. Keeping an eye on these factors will be critical to understanding the trajectory of e-money payments in Turkey.