European Card Fraud - Turkey

Low Losses Still Mask a Growing Threat

Turkey’s fraud losses continued their steady, incremental climb in 2025, rising around 7% to 43.1M TRY from 40.4M TRY in 2024. As in previous years, the picture is one of low relative severity but persistent upward momentum: Turkey’s basis points remain almost negligible at roughly 0.01, the lowest of any country in the study, meaning the proportion of fraud to genuine spend is very well contained even as absolute losses edge higher. In euro terms Turkey remains among the smallest-loss markets in Europe, well below its historic peak.

The growth is once again concentrated in the Card not Present space, where losses rose from 29.0M TRY to 31.8M TRY, consistent with the broader European shift toward remote and e-commerce fraud. Card-present categories remain broadly stable — Card Stolen or Lost edged up from 5.8M to 6.0M TRY and ID Fraud from 2.8M to 2.9M TRY — while Counterfeit Cards continued their long decline, falling from 2.6M to 2.2M TRY.

Turkey remains strong in its fraud-prevention posture, with mature enterprise solutions and good fraud knowledge in-market. The risk is that the very low basis-point reading could mask a growing threat: if CNP losses keep compounding while card volumes rise, the loss impact could become materially more significant over time. The emerging typologies to watch are the same ones reshaping the rest of Europe: e-wallet and tokenisation fraud, social engineering to harvest card and authentication details, and risky-merchant exposure in a fast-growing e-commerce economy.