Akademik Veri Yönetim Sistemi
The Evolution of Capitalist Structures: Uncertainty, Inequality, and Climate Crisis-The 32nd Annual EAEPE Conference 2020, Bilbao, İspanya, 2 - 04 Eylül 2020, ss.1-18
The Turkish credit card market with a number of 70 million credit cards is one of thelargestin Europe. As of December 2019, the total number of yearly transactions is over 3.6 billion and the total yearly sales volume is over 150 billion Euros. Paying in instalmentsis the most popular form of credit card purchase in Turkey, as forty per centof total transactions are for instalment purchases. The history of credit card instalmentsmarket can be traced back to the late 1990s when certain nonprocedural –if not fraudulent– point-of-sale level transactions forced banks to launch an instalment feature for their credit cards. In other words, “the market gave the order to the banks to issue such a credit card to be used in instalment purchases”, as vice president of one of the largestTurkish commercial banks put it. Instalment sale as a century old buying-on-credit pattern has made a new market device to participate in polyadicrelation of sale and debt till forming a hybrid buying-on-credit pattern. Thus, the Turkish credit card instalments market case provides a relational explanation in analysing the emergence of markets. Such an explanation includes the dialectical relations between existing economic patterns and the new ones as well as between the relevant parties that are performing in the processes of the making of a market.