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.
Go deeper with GlobalData
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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