ISO 8583
ISO 8583 Field Descriptions (F19)
F19 — Acquiring Institution Country Code: the country to which the location of the acquiring bank's device (ATM, POS, etc.) belongs.
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"Türkiye"
54 articles found
Payment Systems
Target Date for BKM API Gateway Integration Amended
An amendment was made to the communiqué on the information systems of payment and e-money institutions and data sharing services, setting 31/3/2025 as the deadline for other payment service providers' obligations.
Laws & Regulations
Compliance Deadlines for Digital Wallet and GEÇİT Rules Extended
The Central Bank of the Republic of Türkiye (CBRT) extended the compliance deadlines for digital wallets and GEÇİT. The digital wallet deadline moved from 7 October 2024 to 7 April 2025.
Payment Systems
CBRT Resets the Minimum Equity Requirement for Payment and Electronic Money Institutions
The CBRT reset the minimum equity amounts for payment and e-money institutions: 10 million TL for bill payment institutions, 20 million TL for other payment institutions and 55 million TL for e-money institutions.
Payment Systems
Where Can I Find the Laws and Secondary Regulations on Payment Systems?
Payment systems need laws and regulations to be managed according to set standards. BKM, a reference point for payment systems in Türkiye, lists the relevant laws and regulations on its website.
Payment Systems
Communiqué on the Information Systems of Payment and E-Money Institutions and Data Sharing Services of Payment Service Providers Published
The communiqué on the information systems of payment and electronic money institutions and the data sharing services of payment service providers was published in Official Gazette No. 31676 on 01.12.2021 and entered into force.
Laws & Regulations
What Is the MASAK Suspicious Transaction Reporting Guide?
This guide sets out the procedures and principles for reporting suspicious transactions for obliged parties other than the groups individually listed in the AML regulation, such as banks and insurers.
Payment System Institutions
What Is the BKM API?
Thanks to the API developed by BKM, BKM Express member merchants can automatically update the BIN lists of cards issued by all banks in Türkiye and offer installments and reward points more efficiently.
Payment Institutions & E-Money
Review Report on Financial Technologies in Payment Services Published
The “Review Report on Financial Technologies in Payment Services”, prepared after a study launched on 9 November 2020 to assess Türkiye's payments fintech ecosystem and its effects on competition, has been published.
Laws & Regulations
Can Telecom Operators (Vodafone, Turkcell, etc.) Provide Payment Services?
Under the Directive, payments made through telecom operators cover the purchase of digital services such as music, digital newspapers, e-tickets or charity donations, within certain amount thresholds.
FAST
Can Non-Bank Institutions Join the FAST System?
Yes. The FAST system was first launched with the participation of banks in Türkiye, and integration has been completed with 21 banks. Non-bank institutions meeting the criteria, such as payment and e-money institutions, will also be able to join.
FAST
What Is the FAST Transaction Limit?
The limit in FAST, the CBRT's new instant payment system launched on 8 January, started at 50 TL. It was raised to 250 TL on 14 January and 500 TL on 21 January, and will be raised to 1,000 TL on 28 January.