On 30 January 2025, Central Bank of the Republic of Türkiye (CBRT) published the Communiqué on the Reassessment of Minimum Equity Amounts for Payment and Electronic Money Institutions.
Consequently, minimum equity amounts for the payment and electronic money institutions operating under Law No. 6493 on Payment and Securities Settlement Systems, Payment Services, and Electronic Money Institutions have been increased as follows:
- For payment institutions exclusively providing intermediary services for payment of utilities and other household bills from TRY 10,000,000 to TRY 15,000,000,
- For other payment institutions except for those exclusively providing consolidated information on users’ payment accounts held with different payment service providers via online platforms from TRY 20,000,000 to TRY30,000,000, and
- For electronic money institutions from TRY 55,000,000 to TRY80,000,000.
Increased amounts will enter into force on 30 June 2025 and accordingly, licenced payment and electronic money institutions shall comply with increased minimum amounts by increasing their equities.
Please do not hesitate to contact us for any further information on this briefing.
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This is for information purposes; it is not legal advice. As laws and their interpretation may change, please consult Turkish legal counsel to confirm the current position and obtain advice tailored to your circumstances before making any decision or taking action in relation to your matter in Türkiye. All rights reserved.