Recently, requests for Electronic Money Institution/Payment Institution licenses have increased significantly with developing technology and digitalization. At this point, the process of obtaining an operating license can be the most tiring part of the job.
So, we have decided to set up a PI/EMI and want to obtain an operating license. What should the operating license application form look like?
You can access the relevant form from the link below.
https://www.bddk.org.tr/ContentBddk/dokuman/mevzuat_0114.pdf
When preparing the application form
The form asks for detailed information on areas such as the institution's information systems, business model, internal control and risk management structure. For this reason, completing the form requires technical, legal and finance teams to work together.
Missing or contradictory information prolongs the process. Before applying, the documents should be reviewed against a single checklist and version consistency should be ensured.
The current version of the form should be obtained from the competent institution's website, because forms may be renewed depending on regulatory changes.
