Search
175 articles found
Laws & Regulations
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.
Merchant & POS
The EU Payment Services Directive 2 (PSD2) is the EU's payment services law. ÖDED translated it into Turkish, creating an important handbook for anyone wanting to invest or work in this area.
Payment Institutions & E-Money
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.
Credit Card
An installment is when a credit card transaction is split into a fixed number of monthly payments to the bank. For example, splitting a 100 TL purchase into 5 installments means paying the bank 20 TL per month until the full amount is paid off.
Credit Card
The credit card minimum payment amount lets customers who cannot pay their full debt keep using their cards. In June 2019 the BRSA set the minimum payment at 30 percent for all limits, and kept 40 percent for cards issued within the past year.
Laws & Regulations
The purpose of Law No. 5464 on Bank Cards and Credit Cards is to ensure the card payment system works effectively by regulating the issuance and use of bank and credit cards and the related clearing and netting processes.
Credit Card
The number of installments allowed varies for personal and corporate cards. A regulation by the Banking Regulation and Supervision Agency (BRSA), published in Official Gazette No. 30510 on 15.08.2018, set the installment limits that apply today.
Payment Systems
If users start describing their needs instead of searching for products, one of the internet economy's most fundamental habits could change.
Credit Card
From the outside, Visa contactless looks simple, but once the limit is exceeded and PIN comes into play it gets deeper. Why do response codes 65 and 70 behave so differently on POS devices in different countries, such as the Netherlands and Saudi Arabia?
Payment Systems
An official BRSA letter to banks announced an update to the PIN-free contactless payment limit. From January 15, 2026, contactless payments of up to 2,500 TL can be made without entering a PIN, up from the current 1,500 TL.
Payment Institutions & E-Money
The CBRT published its Communique on the Redetermination of the Minimum Equity Amounts of Payment and E-Money Institutions in the Official Gazette. The new amounts apply from 30 June 2025.
Payment System Institutions
These are credit institutions providing financing to individuals and companies for purchasing goods and services. Financing companies specialize mainly in vehicle loans, offering fast and flexible point-of-sale solutions distinct from banks.