Troy, a Turkish domestic card scheme, has inked an agreement with Discover Financial Services to allow acceptance of its cards internationally on the Discover Global Network.
The agreement will give Troy access to over 41 million merchant acceptance locations and over 1.9 million ATMs and cash access locations in 185 nations.
The deal also provides acceptance for Discover and Diners Club International cards as well as network alliance cards in Turkey through Troy members.
Discover Financial will also offer a centralised processing solution to authorise international transactions to the Troy’s users.
BKM (The Interbank Card Center of Turkey) has established Troy, the first and only Turkish domestic card scheme, in April 2016.
Discover Global Network senior vice president of global business development Joe Hurley said: “Turkey is an active travel market and we are excited to work with BKM to provide global acceptance for their Troy Network and their issuing partners as well as providing increased acceptance for current Discover Global Network cardholders when visiting Turkey. This agreement with BKM complements Discover’s strategy of creating worldwide alliances that provide consumers with more choice when it comes to how they pay.”
BKM CEO Soner Canko added: “With nearly 190 million cards in circulation, 2.4 million POS terminals, and 50,000 ATMs, Turkey is the largest card payment market in Europe. The sector is well-developed and has been the pioneer of innovation in global payments arena. Launched in April 2016, Troy has achieved great results in a very short time.
“Fully accepted at all payments points in Turkey and 16 members already issuing Troy cards, Troy has almost reached the 1 million mark in card numbers. In partnership with Discover, Troy will now also be accepted internationally. This strategic alliance with Discover reinforces BKM’s continuous efforts to diversify its card-payment services for our members and promote Turkey’s card-payment market development.
“We strongly believe that Troy will strengthen our ability to develop innovative solutions aligned with the needs of the Turkish market and to bring these solutions to market in a fast and cost-effective way. With this belief, we as Troy have established an innovation center to spearhead the development of new solutions and products. The alliance with Discover will also help Troy in providing its members with the opportunity to use Discover’s innovative payment products.”