Central Bank Guidelines On Open Banking Service

Recent Developments

Last October, the Central Bank of the Republic of Türkiye (the "CBRT") published the guidelines (the "Guidelines") aiming to ensure compliance with the legislation and uniformity in operating licenses to be granted by the CBRT by correlating the payment services regulated under the Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions (the "Law") and the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (the "Regulation") with the business models in the field of payments. You can access our newsletter dated October 10, 2022 regarding the Guidelines here.

This time, on December 30, 2022, the CBRT published the Guidelines on Data Sharing Services for Payment Services (the "DSSPS Guidelines"), which provide detailed information on (i) Payment Order Initiation Service and (ii) Account Information Service, referred to as Data Sharing Services for