Following the Footsteps of PSD2, Turkey Adopts Long-Waited Secondary Legislation on Payment Services and Electronic Money Institutions

The Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (“Regulation”) and the Communiqué on Information Systems of Payment and Electronic Money Institutions and Data Sharing Services in the Field of Payment Services Providers (“Communiqué”) drafted by the Central Bank of the Republic of Turkey (“CBRT”) published in Official Gazette on 1 December 2021 and entered into force.