CBRT’s analysis on “Recent Trends in Card Spending Preferences”
In the analysis titled “Recent Trends in Card Spending Preferences” published on the Central Bank of the Republic of Turkey’s (CBRT) blog, it was stated that the widespread use of digital channels and the increase in the cost of carrying cash due to high inflation increased the use of debit and personal credit cards (PBCs).
The Center’s Diary includes an analysis titled “Recent Trends in Card Spending Preferences”.
The analysis states, “The widespread use of digital channels and the increase in the cost of carrying cash due to high inflation increase the use of debit and personal credit cards (PBCs). The fact that cards provide consumers with the opportunity to borrow through cash advances and deferred payments also contributes to this development. With the high inflation in recent years, card spending balances have been increasing significantly in nominal and real terms. In this article, we analyze the real increase in card spending balances and show that the shift in payment instrument preferences from cash to cards is an important determinant of this increase.”
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