New Regulation Introduced On Remote Identification For Payment And Electronic Money Institutions

The Regulation Amending the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (the “Amending Regulation”), published in the Official Gazette dated 04.09.2026 and numbered 33360, introduced an amendment concerning the identity verification methods that payment service providers may use in remote customer onboarding.

The Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (the “Regulation”), which is subject to the amendment, sets out the procedures and principles governing payment services and electronic money issuance activities, as well as the operating licences, operating principles and obligations of payment service providers.