The Central Bank of the Republic of Türkiye (CBRT) announced that it has launched open banking services in the field of payments, a component of the digital economy roadmap of its liraization strategy.
The Central Bank of the Republic of Türkiye (CBRT) has made Open Banking services in the field of payments, an important component of the digital economy roadmap of its liraization strategy, available for use.
The CBRT's statement noted that standard open banking transactions have started to be provided to the parties through the “Open Banking Gateway” (GEÇİT) infrastructure developed by the Interbank Card Center (BKM).
The statement said that, as of 1 December, six banks that had successfully completed their tests and technical certification started providing services through “GEÇİT” as account servicing providers.
In its statement, the CBRT assessed that this service will make very important contributions to the country's economy in line with its digitalization goals, together with data sharing services in the field of payment services; the Instant and Continuous Transfer of Funds (FAST) System, which enables 24/7/365 instant money transfers; TR QR Code, our country's national QR code standard in payments; the Easy Addressing System, which makes it possible to make FAST payments easily and quickly with a phone number, ID number or email address in addition to IBAN numbers; and the Digital Turkish Lira Collaboration Platform announced by the CBRT on 15 September 2021.
You can access the press release from the link below.
https://www.tcmb.gov.tr/wps/wcm/connect/TR/TCMB+TR/Main+Menu/Duyurular/Basin/2022/DUY2022-48
