The Turkish Competition Authority ("TCA") has launched
a comprehensive investigation into Visa and Mastercard, focusing on
alleged exclusionary practices in Turkey's card scheme and
digital wallet services markets. This case influences not only
competition policy but also the development of the developing
fintech ecosystem in Turkey.
Overview of the Investigation
Visa and Mastercard, as global leaders in payment technology,
play a central role in enabling electronic payments and financial
transactions. In Turkey, their operations span two key markets
under scrutiny:
- Card Scheme Services Market: This encompasses
the frameworks that facilitate card-based transactions.
- Digital Wallet Services Market: This involves
services that enable electronic payments through mobile and online
platforms.
