News

Turkey launches TROY to serve home payments market

Monday 2 May 2016 13:53 CET | News

Turkey will start a national payment scheme, Turkey`s Payment Method (TROY), in 2016 to serve home payments market.

All banks in Turkey have formed Interbank Card Center (BKM) and developed the first national payment method of Turkey, mobeyforum reports.

“There are many local alternative payment methods around the world that successfully serve their home market. When we evaluated these examples and the requirements of Turkish banks, we concluded that a local solution will bring independence and economies required to innovate in the payments market of our country.”, Soner Canko, CEO of BKM, said.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Turkey, TROY, payments market, payment scheme, online payments
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce