Press Release on the Use of FAST and TR QR Code Systems by CBRT

Central Bank of the Republic of Turkey (CBRT) has published a press release relating to money transfers to be done by using FAST (Instant and Continuous Transfer of Funds) and TR QR Code on 14.02.2022.

According to this press release:

• In business payments to be made using the “TR QR Code”, up to TRY 10.000 can be paid at one time.

• the FAST transaction amount limit for money transfers, which is currently TRY 2,000, will be raised to TRY 5,000 as of 21 February 2022.

In addition, it is stated that the daily average of the payment made by using FAST has reached 3,5 million and that number of users registered in the Easy Addressing System has reached 15,5 million in this press release.

You may find the press release here.