PayTR Electronic Money and Payment Institution’s Scope of Activity Expanded!

The Central Bank of the Republic of Turkey’s(CBRT) decision to expand the scope of PayTR Payment and Electronic Money Institution’s operating license was published in the Official Gazette. With the decision, the company was approved to provide payment services and electronic money issuance activities specified in the Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions.

Accordingly, the scope of PayTR Payment and Electronic Money Institution’s operating license was expanded with the decision of the Banking Regulation and Supervision Agency. The decision was taken in accordance with the Regulation on Payment Services and Electronic Money Issuance and Payment Institutions and Electronic Money Institutions.

As Turkey’s fastest growing payment institution, we will offer our new services to consumers and more than 50,000merchants with our 12 years of industry experience…

Communiqué Text:

PayTR Payment and Electronic Money Institution Inc.. to provide the payment service specified in subparagraph (c) of the first paragraph of Article 12 and the electronic money issuance activity specified in the second paragraph of Article 18 of the Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions (the Law) dated 20/6/2013 and numbered 6493 and to be included within the scope of the activity permit granted to PayTR Ödeme Hizmetleri A. Ş. by the Banking Regulation and Supervision Agency Decision dated 21/04/2016 and numbered 6860 to provide payment services.Ş. in accordance with the Law and the first paragraph of Article 10 of the Regulation on Payment Services and Electronic Money Issuance and Payment Institutions and Electronic Money Institutions published in the Official Gazette dated 27/6/2014 and numbered 29043.

Official Gazette Page

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