It refers to the services offered under Article 12.1 of Law No. 6493.
Essentially, it is the delivery of funds received from the sender to the recipient.
Article 12.1 of Law No. 6493 reads as follows:
ARTICLE 12 – (1) Under this Law, payment services mean:
a) All transactions required for operating a payment account, including services that enable cash to be placed on and withdrawn from a payment account,
b) Money transfers involving the transfer of funds in a payment account held with the payment service user's payment service provider, including direct debits (including one-off direct debits), payment transactions made with a payment card or similar instrument, and standing orders,
c) Issuing or acquiring payment instruments,
ç) Money remittance,
d) Payment transactions where the payer's consent to execute the payment transaction is given by means of an IT or electronic communication device and the payment is made to an IT or electronic communication operator acting only as an intermediary between the payment service user and the supplier of goods or services,
e) Services for intermediating bill payments,
f) (Added: 12/11/2019-7192/8) Payment initiation services offered at the request of the payment service user with respect to a payment account held at another payment service provider,
g) (Added: 12/11/2019-7192/8) Services that present, on online platforms, consolidated information on one or more payment accounts held by the payment service user with payment service providers, provided that the payment service user's consent is obtained,
ğ) (Added: 12/11/2019-7192/8) Other transactions and services in the field of payments that reach a level to be determined by the Bank in terms of total size or sphere of influence.
