TCMB - Press Release on Results of Oversight and Supervision of Payment and Electronic Money Institutions in 2024 (2025-03)
Central bank: tcmb | Type: decision | Date: 2025-01-09

Press Release on Results of Oversight and Supervision of Payment and Electronic Money Institutions in 2024 (2025-03)
No: 2025-03
January 9, 2025
Press Release on Results of Oversight and Supervision of Payment and Electronic Money Institutions in 2024
Over this period, the CBRT approved eight companies’ applications for an operating license in the field of payment and electronic money institutions, seven institutions’ applications for expansion of activities, and five institutions’ applications for transfer of shares. Meanwhile, one operating license was suspended, and one operating license was revoked.
Following the oversight and supervision activities carried out at institutions in 2024,
Pursuant to Article 27 titled “Violation of regulations and decisions” of Law No. 6493, 55 institutions were charged with administrative fines amounting to TRY 160.3 million in total.
Over 280 technical inspections were conducted for suspected unauthorized payment service providers. Regarding the violations of Law No. 6493 identified during the inspections, the CBRT applied in writing to the relevant Chief Public Prosecutor's Offices.
Moreover, in order to inform the public, the CBRT responded to a total of 1,224 requests for information on payment and electronic money institutions, payment services and electronic money issuance.
The aim of these efforts is to strengthen the sector and protect consumer rights. To ensure that payment and electronic money institutions operate in a secure financial ecosystem, the CBRT will decisively continue its oversight and supervision activities towards compliance with national and international regulations and standards.
Press Release on Results of Oversight and Supervision of Payment and Electronic Money Institutions in 2024 (2025-03)