Yapı Kredi Executives Evaluate BRSA Credit Card Regulation

Yapı Kredi Deputy General Manager Serkan Ülgen and Yapı Kredi Payment Systems Chairman İçten Akalın evaluated the credit card market and the BRSA's new regulation at the 35th anniversary meeting of World, stating that the lower minimum payment rate for limits up to 100 thousand liras will help customers pay off their debts.

Credit Card Market and Receivables

It was reported that there has been a certain increase in non-performing loans in the sector and the bank's credit card portfolio, but this is not out of control and remains below 5 percent at the bank.

BRSA's New Regulation

It was stated that the aim of the Banking Regulation and Supervision Agency's recent regulation is to increase consumers' repayment capacity.

It was noted that the former 50 thousand lira limit had lost its relevance due to inflation, and with the new regulation, a lower minimum payment rate will be applied to card limits up to 100 thousand liras.

World's 35th Anniversary Data

It was announced that the World brand has reached 35 million people in 35 years, accessing 60 million cards and 1.5 million member merchants in the ecosystem.

It was reported that approximately 40 billion transactions have been carried out during this process and the brand has been renewed with its mascot Vadaa and new card designs.

Digital and Contactless Payments

It was stated that four out of every five transactions in physical payments are carried out as contactless.

It was expressed that the number of transactions made via QR and NFC is expected to exceed 230 million by the end of 2026.