The number of payment transactions by non-banks in Turkey has shown fluctuating growth from 2013 to 2023, standing at 5.92 billion units in 2023. Year-on-year variations demonstrate significant highs and lows, peaking in 2021 with a 31.19% increase. The compound annual growth rate (CAGR) over the last five years averaged 3.73%. Notably, the year 2020 saw a drop of 13.74%, but the trend rebounded markedly in 2021. The forecasted data suggests a steady increase, with an expected CAGR of 2.42% from 2023 to 2028.
Future trends to watch for include the impact of fintech innovations, regulatory changes, and the adoption rate of digital payment solutions among consumers and businesses, which could significantly influence the performance and projections of non-bank payment transactions in Turkey.
