It was decided on 4 August 2021 to raise the upper limit for FAST transactions, which had been increased to 1,000 TL on 29 January 2021, to 2,000 TL. It was announced that the amount limit is intended to be raised further in the coming period.
It was also stated that the technical preparations and regulations required for payment and electronic money institutions under Law No. 6493, in addition to banks, to join the FAST System had been put in place and that applications to join had started to be accepted.
It was said that institutions meeting the technical and operational requirements for joining the system and passing the tests would be able to join the FAST System.
Number of users exceeds 11 million
According to information from the CBRT, an average of 2 million instant payments are made daily in the system, which was opened for use as of 8 January 2021.
It was announced that the number of users registered with the Easy Addressing System to initiate payments had reached 11.3 million.
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/2021/duy2021-06
