The contemporary analysis of mobile payment systems in Turkey

Today's business world moves incredibly fast and all the processes should be as quick as business market change. In this perspective businesses need to evolve to next phase and should keep technology on center of all their processes and operations. As one of the most important processes, the cash flow needs to be efficiently managed to keep debts on their balance, pay loans, employee salaries and other main expenses on time and organize them. A positive cash flow helps the businesses to meet their short-term financial needs and to avoid late payments and loans. Also businesses can manage their plans, make their investments and payments accordingly. The emerging technologies like mobile payment technology offer businesses an amazing support to operate their cash flow process more efficient, cheaper and secure than traditional ways. In this thesis the mobile payment systems in Turkey will be investigated and several correlation statistics between the increase of mobile payment transaction numbers and possible factors cause them in Turkey also be studied. At the end of the investigation it will be shown that non-contact POS machine numbers, 3G / 4G adaptation ratio, mobile broadband internet usage rate and even smartphone sales rates are the factors for mobile payment increase in Turkey. Also some restrictive reasons will be presented as regulations of payment and lack of customer information. At the end of the thesis it will be listed the suggestions and strategies to accelerate the ways to make mobile payment widespread payment method in Turkey.