ÖDED (Payment and Electronic Money Association) is the only industry association representing companies that provide payment and electronic money services in Türkiye with payment and electronic money institution status under Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions.
The association's activities
ÖDED operates to convey the common problems and views of its member payment and electronic money institutions to regulators and to carry out work for the development of the sector. Its main activities are:
- Preparing the industry's opinion on draft legislation
- Facilitating communication between regulators and the industry
- Publishing reports and studies about the sector
- Organizing events and training
Why does it matter?
Payment and electronic money institutions are a newer and fast-growing sector compared with banks. Communicating with regulators on common ground helps legislation take shape in a way that considers the sector's needs.
Competent authority
ÖDED is an industry association and has no supervisory authority. The authority to license and supervise payment and electronic money institutions has been with the Central Bank of the Republic of Türkiye since 2020. Whether an institution is authorized can be checked in the list published by the CBRT.
Membership
ÖDED's member list is available on the association's website. The list is also a useful resource for reviewing the payment and electronic money institutions operating in Türkiye by their areas of activity.
