The Turkey B2B payments market is being driven by increasing digitalization of financial services, government support for cashless transactions, SME adoption of electronic payment solutions, demand for efficient cross-border payments, and the growing use of fintech infrastructure and real-time payment systems. Turkey B2B payments market size reached USD 16.2 Billion in 2025. The market is projected to reach USD 25.6 Billion by 2034, exhibiting a growth rate (CAGR) of 4.94% during 2026-2034. 

Turkey's payment infrastructure is becoming increasingly digital and interconnected. The Central Bank of the Republic of Türkiye's FAST system processed 5.4 billion transactions with a total value of TRY 43.23 trillion, while supporting 24/7 instant transfers and alternative payment methods.

How AI is Reshaping the Future of Turkey B2B Payments Market?

·         AI-powered payment platforms are enabling businesses to analyze transaction patterns, automate payment decisions, identify suspicious activities, and improve cash-flow forecasting. Predictive analytics can help companies optimize payment timing and manage working capital more effectively.

·         AI-driven fraud detection is becoming increasingly important as digital transaction volumes rise. Machine learning models can assess transaction behavior and identify unusual payment patterns, supporting stronger security across corporate payment networks.

·         Companies are integrating AI into commercial payment workflows to automate invoice matching, reconciliation, payment approvals, and collections. This reduces manual financial administration and enables finance teams to focus on higher-value treasury activities.

·         AI-powered cross-border payment solutions can analyze transaction data, currency movements, and payment routes to support more efficient international settlements. This is particularly relevant for Turkish exporters and companies operating across European, Middle Eastern, and Asian markets.

·         AI is also supporting more personalized financial services for SMEs by analyzing business cash flows and transaction histories to provide customized payment, credit, and working-capital solutions. Mastercard highlighted the growing role of AI in commercial payments, including predictive analytics and data-driven decision-making across industries.

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Market Growth Factors

The Turkey B2B payments market is benefiting from the rapid adoption of digital financial infrastructure among businesses. Companies increasingly require faster payment processing, automated reconciliation, transparent transaction tracking, and integrated payment systems that connect directly with accounting and enterprise resource planning platforms.

The expansion of instant payments is another important growth factor. FAST operates 24 hours a day, 7 days a week, enabling payments to be completed within seconds. Its request-to-pay functionality and other overlay services are creating additional opportunities for businesses to automate collections and streamline payment workflows.

SME digitalization is supporting demand for B2B payment technologies. Mastercard's SME Confidence Index reported that 9 out of 10 SMEs in Turkey accept digital payments, highlighting the growing integration of electronic payment methods into everyday business operations.

Government-led digital transformation is also supporting the ecosystem. The Ministry of Trade has been moving company establishment and related payments toward electronic processing through the MERSİS platform, helping businesses complete administrative and payment processes digitally.

Supply chain financing is becoming increasingly relevant as businesses seek to improve liquidity and provide suppliers with quicker access to funds. Digital platforms that combine payment processing, collections, supplier financing, and working-capital management are creating broader financial solutions for corporate customers.

Cross-border commerce is another major opportunity. Turkish businesses engaged in international trade increasingly require multi-currency settlement, faster transaction processing, transparent fees, and digital solutions that simplify international collections and payments.

Market Segmentation

Payment Type Insights:

• Domestic Payments
• Cross-Border Payments

Payment Mode Insights:

• Traditional
• Digital

Enterprise Size Insights:

• Large Enterprises
• Small and Medium-sized Enterprises

Industry Vertical Insights:

• BFSI
• Manufacturing
• IT and Telecom
• Metals and Mining
• Energy and Utilities
• Others

Regional Insights:

• Marmara
• Central Anatolia
• Mediterranean
• Aegean
• Southeastern Anatolia
• Black Sea
• Eastern Anatolia

Recent Development & News

·         May 2024: Turkish fintech company iyzico announced an agreement to acquire Paynet for USD 87 Million. Paynet's B2B payments and collections capabilities were expected to expand iyzico's services for businesses and e-commerce platforms. At the time, iyzico served more than 120,000 merchants and 6 million consumers.

·         January 2025: The Central Bank of the Republic of Türkiye introduced new FAST Request-to-Pay features. The FAST network had reached 42 participants, while average daily transactions reached 13.8 million during December 2024, supporting faster and more flexible digital payment use.

·         July 2025: Mastercard and Octet Türkiye announced a strategic partnership to provide businesses with digital corporate payment and collection solutions. The platform supports credit-card-based payments, installment options, and immediate invoice collection, strengthening financial flexibility for businesses.

·         February 2026: Octet Türkiye stated that it served 8,500 customers and planned to prioritize SMEs while expanding solutions including virtual POS, Direct Debit System, and Supply Chain Finance.

·         June 2026: Atradius reported that 41% of B2B sales in Türkiye take place on credit, while 56% of companies provide payment terms of up to two months from invoicing, highlighting the importance of working-capital and payment-management solutions for businesses.

·         August 2026: Turkey's B2B payment ecosystem continues shifting toward integrated digital financial management, with fintech providers increasingly combining payment processing, collections, supplier financing, and automated treasury capabilities to address SME and corporate liquidity requirements.

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