Announcement Regarding the Authorisation of Yemekpay Elektronik Para ve Ödeme Hizmetleri Inc. as an Electronic Money Institution

Decision on Granting Operating Permission to Yemekpay Elektronik Para ve Ödeme Hizmetleri A.Ş. to Operate as an Electronic Money Institution" (the “Communiqué”) has been published in the Offical Gazette dated 31 January 2024 and numbered 32446 by the Central Bank of the Republic of Turkey (the “Bank”)

As per the relevant Communiqué, Yemekpay Elektronik Para ve Ödeme Hizmetleri A.Ş. (the “Institution”) has been granted permission to operate as an electronic money institution by approving some payment services regulated in Article 12 of Law numbered 6493 (the “Law”) within the scope of Article 18, paragraph 2 of the Law.

According to the Communiqué, payment services related to the authorisation granted under Article 12 of the Law are as follows;

a) All the transactions required for operating a payment account including the services enabling cash to be placed on and withdrawn from a payment account,

b) Execution of payment transactions, including transfer of funds on a payment account with the user’s payment service provider, direct debits, including one-off direct debits, payment transactions through a payment card or a similar device, credit transfers including standing orders,

c) Issuing or acquiring payment instruments,

In addition, pursuant to the second paragraph of Article 18 of the Law, the Institution shall be able to issue electronic Money upon obtaining permission form the bank.

You may find the detailed provisions of the Communiqué in the Official Gazette.