On Jan. 30, 2025, TUR CB published communiqué on the redetermination of legally required minimum equity amounts of payment and electronic money institutions.
The amending communiqué enters into force on Jun. 30, 2025.
On Jan. 27, TUR CB redetermined e-money institutions equity amount.
TUR CB published communiqué amending the minimum equity requirement of the Reg on Payment Services and Electronic Money Issuance and Payment Service Providers.
Amendments
The minimum shareholders’ equity requirement for payment service providers providing services for intermediation of bill payments will be increased to TL 10 million.
Minimum requirement for all payment institutions offering services other than providing consolidated information on e-platforms re payment accounts is TL 20 mn.
The minimum shareholders’ equity requirement for e-money institutions is TL 55 mn.
Effectiveness
The amending communiqué will be entering into force on Jun. 30, 2024.
Jan. 2025 Amended Amounts
On Jan. 30, 2025, TUR CB published communiqué on the redetermination of legally required minimum equity amounts of payment and electronic money institutions.
