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A new regulation that will affect millions of citizens using credit and debit cards has come into effect today.
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According to a letter sent by the Banking Regulation and Supervision Agency (BDDK) to banks in April, limits on contactless card payments will be increased.
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With the decision, the contactless payment limit will be increased by 100 percent.
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Accordingly, the decision to increase the contactless card payment limit for transactions without a PIN from 750 TL to 1500 TL has come into effect as of today.
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The contactless transaction limit has been increased to 1,500 Turkish Lira as of today (Monday, July 1, 2024).
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Thus, the contactless payment limit for transactions without a PIN, which allows payments to be made via cards and mobile devices without any contact, has been updated after 2 years.
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In 2020, driven by the impact of the coronavirus pandemic, contactless payment methods came to the forefront, as consumer sensitivity toward hygiene increased the demand for secure payment methods.
News Source : 12punto
