Certain amendments have been introduced to the Regulation on Payment Services, Electronic Money Issuance and Payment Service Providers (the “Regulation”) through the amendment published in the Official Gazette dated 19 March 2026 and numbered 33201. These amendments particularly cover provisions regarding the safeguarding of payment funds and funds collected in exchange for electronic money, as well as the principles applicable to their placement in yield bearing accounts.
Pursuant to the amendment to the Regulation, except for accounts opened in foreign currency, balances held in payment and electronic money safeguarding accounts may now be placed in yield bearing accounts maintained with the relevant banks. It is expressly stipulated that such funds may not be used for any purpose during the period in which they are held in such accounts, and that no yield may be generated on these funds where the operating licence of the payment institution or electronic money institution has been
