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ARTICLE · 07 DECEMBER 2021

Newsletter Regarding The New Payment Services Legislation

Bener Law Office
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The "Regulation Regarding Payment Services and Electronic Money Issuance and Payment Service Providers" and the "Communique Regarding Information Systems of Payment and Electronic Money Institutions and Data Sharing Services of Payment Service Providers" ...

TurkeyFinance and Banking
Aslı Erkli
Aslı Erkli
Sevim Özkan
Sevim Özkan

The "Regulation Regarding Payment Services and Electronic Money Issuance and Payment Service Providers" ("Regulation") and the "Communique Regarding Information Systems of Payment and Electronic Money Institutions and Data Sharing Services of Payment Service Providers" ("Communique") were entered into force with the Official Gazette dated 01.12.2021 and numbered 31676.

This Regulation regulates the procedures and principles regarding their authorization and activities of payment institutions and electronic money institutions as well as the procedures and principles regarding provision of (i) payment service to payment service providers and (ii) electronic money issuance.

With the Communique, regulations have been made regarding the procedures and principles of the management and audit of the information systems that payment institutions and electronic money institutions use when carry out their activities.

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