Announcement of the Secondary Regulation of CBRT on Minimum Equity Requirements of Payment and Electronic Money Institutions

With the communiqué published in the Official Gazette dated January 22, 2022, the Central Bank of the Republic of Türkiye (“CBRT”) increased the minimum equity requirements of payment and electronic money institutions.

Under the Regulation on Payment Services and Electronic Money Issuance, CBRT has the authority to reevaluate the amounts determined for the minimum equity requirements of payment and electronic money institutions in January each year, considering the annual changes in the price indexes published by the Turkish Statistical Institute, 

With the communiqué;

• The requirements of payment service providers dealing with invoice collection were increased from TRY 3 million  to TRY 5.5 million.
• The requirements of other payment service providers were increased from TRY 5 million to TRY 9 million.
• The requirements of electronic money issuers were increased from TRY 13 million to TRY 25 million.