TCMB - Press Release on FAST System (2021-28)
Central bank: tcmb | Type: decision | Date: 2021-07-09

Press Release on FAST System (2021-28)
No: 2021-28
9 July 2021
Press Release on FAST System
The upper transaction limit of the FAST System will be raised and Payment and Electronic Money Institutions may now apply to join the system.
The number of users registered in the Easy Addressing System to initiate payments easily and rapidly using Turkish ID numbers, phone numbers or email addresses has reached 11.3 million.
While protecting the smooth functioning and widespread use of the system, the upper transaction limit, which is currently
, will be raised to
4 August 2021
. The goal is to raise this limit further in the upcoming periods.
On the other hand, all necessary technical preparations and regulations have been completed to allow Payment and Electronic Money Institutions under Law No. 6493 to participate in the FAST System, and requests for participation may now be submitted. Institutions that meet the technical and operational requirements for participation and run the tests successfully will be able to join the FAST System.
Paving the way for competition and innovation, these developments will make financial technologies an indispensable part of daily life and provide major contributions to the target of a state-of-the-art digital economy.
More details and fact sheets about the system are available at
(in Turkish).
Press Release on FAST System (2021-28)