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ARTICLE · 11 OCTOBER 2023

Digital Wallet Era Begins In Türkiye

Esin Attorney Partnership
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The Regulation Amending the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers ("Regulation") prepared by the Central Bank of the Republic of Türkiye...

TurkeyTechnology
Muhsin Keskin
Muhsin Keskin
Seray Karaalp
Seray Karaalp
Serap Süer
Serap Süer
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Recent developments

The Regulation Amending the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers ("Regulation") prepared by the Central Bank of the Republic of Türkiye ("CBRT") was published in the Official Gazette on October 7, 2023. You can access the Regulation here.

What's new?

The Regulation added the definition of digital wallet to the regulations in the field of payments for the first time and regulated the procedures and principles regarding the provision of digital wallet services. In this way, it aims to popularize the use of digital payments in an easy and cost-effective manner through digital wallet applications.

a. What is a digital wallet?

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