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ARTICLE · 15 OCTOBER 2018

Amendments In Payment System Regulation

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The Regulation is amended to include Posta ve Telgraf Teşkilatı Anonim Şirketi's authorisation to provide payment and electronic money services.

TurkeyFinance and Banking
Tuğrul Sevim
Tuğrul Sevim
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The Regulation on the Amendment of the Regulation on Payment Services and Electronic Money, Payment Institutions and Electronic Money Institutions ("Amendment") which has been drafted by the Banking Regulation and Supervision Authorisy ("BRSA") in order to amend the Regulation on Payment Services and Electronic Money, Payment Institutions and Electronic Money Institutions ("Regulation") has been published in the Official Gazette and entered into force on October 12, 2018.

The amendments made under the Amendment are as follows:

Activities

Amendment regulates that the payment institutions and electronic money institutions ("PSP") may only provide payment services disclosed during the activity permit application to BRSA; and providing additional payment services which were not disclosed during the application shall require an additional application. According to the relevant amendment, in case additional services are planned to be provided, updated documents on

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