In this period when global economic balances are being reshaped, Türkiye offers a tremendous market potential with its advanced banking infrastructure that supports digital banking, the 'new norm' of the world banking ecosystem.
In Türkiye, banking transactions can be carried out digitally without having to go to a bank branch, within the scope of the regulation published by the Banking Regulation and Supervision Agency. Banks can offer branchless banking services to their customers by remote identification via video call. The infrastructure that provides customers with faster and easier access to banking services provides a great advantage for banks operating in Türkiye to gain new customers. The regulation supporting branchless banking also paves the way for neo banks.
Türkiye's banking sector has a comprehensive infrastructure that encourages the development of digital banking. Thanks to its strong digital infrastructure during the pandemic, the Turkish banking sector continued to grow by rapidly responding to changing customer expectations and needs.
Türkiye stands out as a market that is both rapidly growing and maintaining its potential in the field of digital banking, with its young population of 13 million, known for its interest in the use of technology, and the number of active digital banking customers, which reached 66 million in 2020.
IFC provides a platform that encourages collaborations of finance ecosystem players in all areas, including speed, agility, scalability and customer experience. IFC hosts the largest representative offices and branches of banking industry leaders as well as fintech startups.