The “Review Report on Financial Technologies in Payment Services” has been published. It was prepared as a result of a study launched on 09.11.2020 to follow global developments in financial technologies (fintech) in payment services, assess the current state of the fintech ecosystem in Türkiye's payment services, determine the effects of developments in this field on competition, and identify what approaches could be adopted from a competition law perspective.
The report can be accessed at the link below:
Why does the competition perspective matter?
The report assesses fintech companies' dependence on banks, API access and data sharing from a competition perspective. It addresses questions such as whether large players block new ventures, barriers to market entry, and equal access to payment infrastructures.
The findings give clues about the areas in which regulators and the industry will take steps in the future. They are also related to the debates on open banking and access to payment systems.
Regulations may have changed since the report was published; new publications should be followed for the current situation.
