The big lenders have done it already.
Now Turkey’s seventh biggest bank,
Dexia-subsidiary DenizBank is getting ready to announce the launch
of its contactless and NFC mobile payments service in cooperation
with Turkcell in the next few days.
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Enis Tuna, executive vice president, card
payment systems marketing at DenizBank, told RBI that the bank will
issue both a credit card and a prepaid card with contactless
functions – and the card number can then be ‘added on’ to a SIM
card.
Subscribers can then pay for purchases by
tapping their phone to contactless readers across Turkish
stores.
As usual, the transaction will run smoothly
(offline) for payments under TRY35 ($22). For anything above
TRY35, consumers will have to enter their PIN.
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By GlobalData
