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Foreign payment institutions operating in Türkiye

Payment Systems

Can Foreign Payment Institutions Operate in Türkiye?

All payment and electronic money institutions operating in Türkiye fall under the relevant regulation. A license from a foreign authority is not enough; a foreign institution must obtain a license from the Central Bank.

Diagram illustrating the NextGenPSD2 framework for open banking APIs

Open Banking

What Is NextGenPSD2?

NextGenPSD2 is the set of API standards launched by the Berlin Group in 2017, now involving more than 1,700 banks from 20 countries. This post explains what the framework offers to banks, fintechs and third-party providers under PSD2.