Payments by credit/debit cards constituted 61 percent of total e-commerce volume in the country, Turkish Trade Minister Ruhsar Pekcan said.
The volume of e-commerce in Turkey has jumped 66 percent year-on-year to $32 billion (226.2 billion Turkish liras) in 2020, the country's trade minister announced.
"The E-commerce spending to gross domestic product (GDP) ratio reached 4.1 percent in 2020, a rise of 51.8 percent from a year ago," Ruhsar Pekcan told a news conference held in the capital Ankara.
Citing data from international institutions, Pekcan said the global e-commerce volume hit $4.3 trillion, up by an expected 18 percent in the same period.
The figure is projected to reach $6.5 trillion over the next three years, with the increase to accelerate further, she noted.
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