Turkish Credit Card Cash Withdrawals Double In 2013

By PYMNTS | July 23, 2013

The number of Turkish consumers withdrawing cash using credit card accounts has increased in the first five months of 2013 by 105 percent since 2008, reported Hurriyet Daily News. In 2008, customers withdrew about 19.9 liras in cash with credit cards, and in 2013 this number increased to 15.1 billion liras according to data released by Anadolu Agency in Turkey.

Credit cards have been a contentious topic for Turkish government members who claim credit card companies are targeting the poor. The Prime Minister of Turkey recently condemned credit cards, and asked citizens to refrain from using them. Apparently no one in Turkey got this message.

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