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[SITUATION] · [ACTIVE]

3 clusters · 50 sources · 3 days · First seen 3 days ago · Last updated about 9 hours ago

Categories: BUSINESS

Turkey expands gold‑selling ATMs to major cities

Entities: Banking Regulation and Supervision Agency (BDDK) · Tahir Azman · ATM gold dispensing modules · Darphane (Turkish Mint) · Accredited gold refiners

Overview

Turkey’s gold‑selling ATM pilot, launched in July 2026, began operating in high‑population metropolitan areas such as Düzce after approval from the Banking Regulation and Supervision Agency (BDDK). The machines use specialised gold‑dispensing modules that deliver certified gram‑gold in tamper‑evident, QR‑coded envelopes sourced from the Turkish Mint or accredited refineries. Customers can pay with debit or credit cards or via QR‑code authentication, and the service runs 24 hours a day.

Following the pilot’s start on 25 July, the programme is being rolled out to a broader network of city ATMs with plans for nationwide coverage, framed by officials as a step toward greater financial inclusion and a way for citizens to obtain physical gold when jewellery shops are closed.

The expansion has drawn criticism from the gold‑trading sector. On 27 July, Tahir Azman, president of the Konya Goldsmiths and Jewelers Association, warned that ATM‑based gold sales bypass traditional licensing, tax, and regulatory oversight, potentially shifting profit to banks while leaving jewellers responsible for purity checks and anti‑counterfeit verification. Azman called on the Ministry of Trade to reassess the arrangement to preserve fair competition.

Analysts continue to monitor whether the 24/7 ATM channel will shift demand away from traditional retailers amid the growing debate over market impacts and regulatory parity.

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 8 SOURCES] Some Turkish banks have started selling gram gold via ATMs in a pilot program. (several pilot articles)
[● 8 SOURCES] The gold sold at ATMs is certified and packaged with security features such as serial numbers, QR codes and holograms. (pilot articles)
[● 8 SOURCES] Customers can purchase gold 24 hours a day using bank cards, credit cards or QR‑code authentication. (pilot articles)
[● 7 SOURCES] The pilot rollout is currently limited to major metropolitan areas with plans to expand nationwide. (pilot articles)
[● 7 SOURCES] The gold sold at ATMs comes from the Turkish Mint (Darphane) or other accredited refineries. (pilot articles)
[● 6 SOURCES] The rollout follows guidelines issued by the Banking Regulation and Supervision Agency (BDDK). (pilot articles)
[● 5 SOURCES] The service aims to increase financial inclusion and provide access to gold when jewellery shops are closed. (pilot articles)
[● 4 SOURCES] Banks have equipped the pilot ATMs with special gold‑dispensing modules. (pilot articles)
[○ 1 SOURCE] If the gold packaging is damaged, its value drops by about 3‑5 percent compared with intact packages. (new)

Timeline

about 9 hours ago

[BUSINESS] 3 sources
Turkey's Konya gold merchants condemn ATM gold sales
Konya goldsmiths leader Tahir Azman protests bank ATMs selling gram gold, calling for equal regulation and urging the Trade Ministry to review the practice.
2 days ago

[BUSINESS] 47 sources
Turkish banks launch pilot gold‑selling ATMs across major cities
Turkish banks have begun a pilot that sells certified gram‑gold 24/7 from ATMs in major cities, using BDDK‑approved modules and secure packaging, with plans for nationwide expansion.
3 days ago

[BUSINESS] 5 sources
Turkey gold buying advice highlights karat choice
Turkish gold experts urge shoppers to choose karat based on use, verify certification and buy from trusted sellers.

Sources

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This summary has been updated 8 times: see revision history