10 May 2023
1. Fintech Market 1.1 Evolution of the Fintech Market The Turkish fintech market has a significant number of participants of various sizes. Competitiveness notwithstanding, market players tend to co-operate with one another in keeping the marketplace fair. Consumers demand […]
6 Apr 2023
The monetary thresholds that determine the additional obligations that Electronic Commerce Intermediary Service Providers(“ECISP”) and Electronic Commerce Service Providers(“ECSP“) will be subject to depending on their net transaction volume specified in Additional Articles 2, 3 and 4 of the […]
6 Apr 2023
With the Amendments to the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (“Amended Regulation”) published in the Official Gazette dated 28 February 2023 and numbered 32118, the final compliance date of fulfillment of the […]
15 Apr 2022
Data Sharing Services API Principles for Payment Services (“Guide”) was published on 16 February 2022 by the Central Bank of Turkey General Directorate of Payment Systems and Financial Technologies. The Guide aims to regulate the API principles and rules […]
30 Mar 2022
1. Fintech Market 1.1 Evolution of the Fintech Market The Turkish fintech market has a significant number of participants of various sizes. Competitiveness notwithstanding, market players tend to co-operate with one another in keeping the marketplace fair. Consumers demand […]
6 Jul 2021
On 4 June 2021, a new Regulation on Disclosure of Confidential Client Information drafted by the Banking Regulatory and Supervisory Authority, (“Regulation”) has been published in Official Gazette numbered 31501. The Regulation will be effective as of 1 January […]
24 May 2021
INTRODUCTION Turkey’s first legislation addressing personal data protection was enacted on April 4th, 2016. Turkish Data Protection Law numbered 6698 (“DP Law”) outlines a similar framework to the European Data Protection Directive 95/46/EC and the secondary legislation in the […]
15 Apr 2021
The Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relations in Electronic Environment (“Regulation”) was published in the Official Gazette numbered 31441, on 1 April 2021. With the regulation, it became possible to […]
18 Mar 2021
Open Banking The ongoing global transformation from analog to digital began, arguably, with the invention of the first computer. For the purposes of this article, digital transformation refers to the integration of traditional business processes and digital technology. The […]
21 Sep 2020
The Regulation on Generation and Use of TR QR Code in Payment Services (“Regulation”) prepared by the Central Bank of the Turkish Republic (“Bank”) has been published in the Official Gazette dated 21 August 2020 and numbered 31220, entering […]
