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"KOLAS"

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Diagram illustrating the Easy Addressing System (KOLAS) within Turkey's FAST payment network

FAST

What is the Easy Addressing System (KOLAS)?

The Easy Addressing System (KOLAS) is one of the layered services of FAST, the Central Bank's instant funds transfer system, developed and operated by BKM. It lets users send money via phone number or email instead of an IBAN.

FAST instant payment system advantages illustration

FAST

What Are the Advantages of the FAST System?

The FAST system will bring significant convenience and speed to payments and money transfers. Here are its advantages for citizens and businesses, from Easy Address transfers to risk-based limits.

Easy Addressing System (KOLAS) participation diagram

FAST

Which Institutions Can Provide the Easy Address Service?

To offer the Easy Address service, an institution needs approval from the Central Bank of the Republic of Türkiye (CBRT), documented eligibility to participate in FAST or EFT, and completed administrative and technical processes with BKM.