Edgar, Dunn & Company (EDC) and Bankalararasi Kart Merkezi (BKM) – Interbank Card Centre in Turkey – which manages payment transaction switching in the country and provides advanced payment solutions to the payments industry, jointly published a report – “Advanced Payments Report – Turkey” in December 2015. The report reviews the state of the payments industry in Turkey and discusses key initiatives in online commerce, transit, and contactless payments. It also reviews steps undertaken to improve financial inclusion such as Turkey’s recently unveiled national payment scheme – TROY and provides insights on the latest regulatory developments.
Turkey – Advanced Payments Report
About the Author: Samee Zafar
Samee Zafar is a Director in EDC’s London office. He has advised some of the largest financial services organisations in Europe and North America on competitive strategy, operations and technology. His expertise covers retail banking, card issuing and acquiring, electronic payments including Internet and mobile payments. Samee has deep experience in helping clients set-up Internet and telephone based direct banking and brokerage operations including the selection and management of technology providers and outsourcing partners. He has written several articles in leading publications, has spoken at conferences, and has recently co-authored a book on payment cards: “Developing and managing a successful payment cards business,” published by Gower. Previously Samee has worked with PricewaterhouseCoopers and Visa International in London and New York. Samee holds a B.Sc in Physics and Mathematics from University of the Punjab in Pakistan, is a chartered accountant, and was a Commonwealth Scholar at the Cass Business School of the City University in London where he received his MBA in Finance.