This Guide aims to link the business models frequently encountered in the payments field to the payment services listed in Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions (Law No. 6493), and, in this context, to ensure uniformity in practice on matters of regulatory compliance and authorization.
In this context, the services offered by institutions in the field of payment services were examined within the framework of the existing regulations and the institutions' business models, and the activities/business models in practice in the sector were assessed under Article 12 and the second paragraph of Article 18 of Law No. 6493.
The Guide also includes information considered helpful as guidance in applications, to clarify which types of payment services the business models/areas of activity that institutions list in their operating license applications or license extension applications cover under the Law. In this way, the areas in which an applicant wishes to operate can be assessed most accurately under the Law in applications submitted to our Bank, and applications can be concluded in a more sound manner.
According to the Guide, the business models in the payment services field are as follows;
- Payment Account Operation (Account Opening, Cash Deposit, Cash Withdrawal)
- Money Transfer
- Virtual POS
- Physical POS
- E-Money (Prepaid Card) Issuance and Acceptance
- Digital Wallet
- Mobile Payment
- Intermediation in Mobile Payments
The last page of the Guide is very useful: it visualizes which clauses of the first paragraph of Article 12 of the Law a business model planned to be offered must satisfy. This should help people find answers to their questions more quickly.
You can access the relevant guide at the link below:
