ATM
ATM Cash Withdrawal Limits Updated
Due to inflation and other financial conditions, banks in Türkiye raised their ATM cash withdrawal limits as of 1 January 2025, from 10,000 TL to 15,000 TL and, at some banks, up to 20,000 TL.
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FAST
FAST Limit Is Being Increased
The CBRT has raised the FAST transaction amount limits. As of 4 April 2024, the limit is 100 thousand TL for money transfers and 250 thousand TL for merchant payments made with the FAST-TR QR code.
Payment Systems
What Are the Mastercard Transaction Processing Rules? How Can I Access Them?
The rules in this guide relate to the processing of Transactions and Payment Transactions made with Mastercard-branded cards. Here are the key definitions and where to find the document.
Payment Systems
What Are the Areas of Activity of Electronic Money Companies in Türkiye?
All electronic money institutions are authorized to issue electronic money under Law No. 6493. The payment services each one is licensed to offer are listed in the table published by the CBRT.
Payment Systems
Guide on Data Sharing Services in Payment Services Published
Open banking opens financial data, under the regulations and with the customer's explicit consent, to third-party service providers through standard APIs. The CBRT has published a guide on payment initiation and account information services, covering licensing and technical certification.
Payment Systems
Transition Period for Certain Obligations of Payment and E-Money Institutions Extended to 28.02.2023
Published in the Official Gazette of 25.11.2022, six days before the Transition Period ended, an amending Regulation and Communiqué extended the transition period for some obligations of payment and e-money institutions from 01.12.2022 to 28.02.2023.
Laws & Regulations
What Is the Communiqué on Payment and E-Money Institutions' Information Systems and Payment Service Providers' Data Sharing Services?
This communiqué regulates how payment and electronic money institutions manage their information systems, how authorized independent auditors audit them, and the data sharing services of payment service providers.
Payment Systems
Key Points in Contracts
“What do contracts have to do with us? Let the legal department handle them,” you might say. But legal teams can't know every specialty, so business teams are expected to help with the clauses that affect their decisions.
Payment Systems
What is Soft POS? What are the important points in the Soft POS process?
Soft POS is a POS application that lets merchants accept payments from contactless cards or mobile wallets on Android devices, without needing a physical terminal. Companies market it under various names such as pocket POS or mobile POS.
Payment Systems
What Information Does the Configuration Area Contain in POS Applications?
The configuration area in POS applications holds terminal number, merchant number, IP, port, APN and phone number information needed for POS setup, and can be managed manually or centrally.
Payment Systems
What is a shared POS? Key points for projects and testing
A shared POS is a bank or institution terminal that can host more than one application. This post covers the software, APN and authorization steps, and the key test scenarios to cover in a shared POS project.
Payment Systems
How Many Merchant Transactions Fail? Are We Checking?
Regularly reporting and tracking how many transactions fail at each merchant matters for both the merchant and the acquirer. BKM error codes tell us why POS transactions fail.