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Turkish lira (TRY) 63.3bn (€8.2bn)​, the Interbank Card Cenre (BKM) has reported​.
Also according to the latest data, payments with debit cards rose by 19% y/y to TRY12.9bn in the month.
There were 71.4mn credit cards in use in the country, a 5% increase from a year ago. The number of debit cards rose by 11% y/y to 171.3mn.
In the fifth month, payments with credit cards for online shopping amounted to TRY19bn, marking a 14% increase compared with May 2019 and the share of credit cards in total online shopping was more than 25%.
Some 2mn cards were used for the first time to make purchases online.
On May 22, ahead of the Eid al-Fitr holiday, the number of transactions with credit and debit cards hit an all-time-high of 26.6mn.
Turkey’s volume of e-commerce transactions rose 48% y/y to Turkish lira (TRY) 63.3bn (€8.2bn) in the first five months of 2020​, according to Trade Minister Ruhsar Pekcan.
People mostly used their credit and debit cards to buy white goods while transactions for airline tickets and travel plunged as much as 40% y/y and 16% y/y, respectively, in January-May, she ​added​.
Food purchases made with credit and debit cards increased sixfold over the same period from a year ago, she also noted.
In 2019, the volume of e-commerce reached TRY136bn with locals accounting for 85% of the total. Airline tickets captured the largest share with TRY15.3bn followed by clothing with TRY13.8bn and white goods with TRY13.3bn.
5.0​ External Sector & Trade 5.1​ External sector overview
Turkey’s net international investment gap—gauging the difference between the country’s foreign assets and liabilities—grew by $16bn m/m to $324bn by the end of April, central bank data ​showed​ on June 19.
29​ TURKEY Country Report​ July 2020 ​ ​www.intellinews.com