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ARTICLE · 08 FEBRUARY 2024

Minimum Equity Requirements For Payment And E-Money Institutions Increased

The Communiqué on Redetermination of Minimum Equity Amounts of Payment and Electronic Money Institutions ("Communiqué") was published in the Official Gazette...

TurkeyTechnology

Recent Developments

The Communiqué on Redetermination of Minimum Equity Amounts of Payment and Electronic Money Institutions ("Communiqué") was published in the Official Gazette dated 27 January 2024 and numbered 32442. The Communiqué revises the minimum equity amounts for payment and electronic money institutions. The Communiqué will enter into force on 30 June 2024.

What Does the Communiqué Mean?

With this Communiqué, the Central Bank of Republic of Türkiye ("CBRT") revised the minimum equity amounts as follows:

Relevant Institution Former Minimum Equity Amount Revised Minimum Equity Amount
Payment services providers exclusively dealing with invoice collection

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