Minister Bolat addresses credit and debit card ‘commission’ rate concerns

Minister Bolat makes statement on credit and debit card commission rates at NGO Consultation Meeting

Minister Ömer Bolat recently attended the ‘NGO Consultation Meeting’ at the Antalya Chamber of Commerce and Industry (ATSO) to discuss sectoral problems and potential solutions. During the meeting, Antalya Governor Hulusi Şahin, ATSO President Ali Bahar, and various NGO representatives were present at the ATSO Conference Hall.

Speaking at the event, Minister Bolat highlighted the significance of Antalya as Turkey’s second-largest gateway to the world after Istanbul. He emphasized that it provides a significant contribution to the country’s national income and acknowledged the government’s accomplishments under the leadership of President Erdoğan. Minister Bolat noted that the national income has increased 4.5 times, significantly growing from 230 billion dollars to 1 trillion 75 billion dollars over the last 21 years. He also mentioned that the country’s national income per capita has exceeded 12,650 dollars.

Minister Bolat discussed the growth model’s focus on increasing exports of goods and services and addressing domestic demand to support balanced growth. He reported an average growth rate of 4.7 percent in the first nine months of 2020-2023. Despite the challenging global economic conditions in 2023, he expressed hope to achieve a growth rate of around 4.5-4.7.

In addition, the minister underscored the importance of increasing exports and reducing imports, emphasizing the government’s efforts to boost the country’s foreign trade. He highlighted Turkey’s accomplishments in the export sector, aiming to reach ambitious targets and increase exports in 2024.

Furthermore, Minister Bolat announced a decision to reduce commission rates on bank cards to 2.39 percent in monthly installments and 2.25 percent at gas stations. He also emphasized the reduction of monthly fees on postal machines by 50 percent. These measures are expected to benefit the public and contribute to improving the country’s overall economic environment.

In conclusion, Minister Bolat revealed ongoing efforts to introduce green passports for exporters, emphasizing the government’s commitment to facilitating and promoting foreign trade.

The statements made by Minister Bolat at the NGO Consultation Meeting indicate a strong focus on enhancing the country’s economic growth and improving the financial well-being of its citizens. These developments underscore the government’s dedication to addressing sectoral challenges and finding effective solutions to support Turkey’s economic development.

 

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