Open Banking
Can a Service Bank Provide Services to Interface Developers Resident Abroad?
No. Under the BRSA communiqué on service model banking, service banks can provide service model banking only to interface developers resident in Türkiye.
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"Türkiye"
54 articles found
Payment Systems
What Is ISO 3166?
ISO 3166 is a standard published by the International Organization for Standardization (ISO) for coding the names of countries, autonomous regions, provinces and states. It consists of three parts.
ATM
What Is the European ATM Security Team (EAST)?
EAST, originally the European ATM Security Team, is a non-profit organization working on ATM security. Founded in 2004, it later broadened its scope and became the European Association for Secure Transactions.
Payment Institutions & E-Money
What Is ÖDED?
ÖDED (Payment and Electronic Money Association) is the only industry association representing the payment and electronic money institutions operating in Türkiye under Law No. 6493.
Payment Systems
What Is the “European Association for Secure Transactions (EAST)”?
EAST, the European Association for Secure Transactions, is a non-profit organization working on ATM, terminal and payment security. It was founded in 2004 as the European ATM Security Team.
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.
ATM
Today Is the Anniversary of the ATM Entering Our Lives!
The first device that can truly be called an ATM was produced by De La Rue for Barclays Bank and put into service in Enfield, London, on 27 June 1967. The ATM came to Türkiye in 1982.
FAST
Which Institutions Offer the Easy Addressing Service?
New banks are added to the Easy Address system every day. Here is the list of banks that supported the Easy Address System at the time, and where to find the current list.
Laws & Regulations
CBRT Publishes Press Release on the Instant Payment System
In its press release of 12 November 2020, the Central Bank of the Republic of Türkiye announced that preparations had been completed to launch FAST, a new instant payment system.
Laws & Regulations
What Are the Penalties for Providing Payment Services or Issuing Electronic Money Without a License?
In Türkiye, collecting payments requires a payment institution license and issuing e-money requires an e-money institution license. Article 28 of Law No. 6493 sets prison terms and fines for operating without one.
Laws & Regulations
What Is Law No. 6493? What Does It Contain?
Law No. 6493, published in Official Gazette No. 28690 on 27 June 2013, regulates the procedures and principles for payment and securities settlement systems, payment services, payment institutions and e-money institutions.
EMV
What Is the Lower Consecutive Offline Limit?
The Lower Consecutive Offline Limit is the maximum number of consecutive offline transactions allowed by the ICC application, as set by the issuer, on a terminal capable of going online. It is sent in tag 9F14.