The Central Bank of the Republic of Türkiye published the results of its 2024 oversight and supervision of payment and electronic money institutions, summarising licensing decisions, administrative sanctions and actions taken against suspected unauthorised payment service providers. The update reports administrative fines imposed on 55 institutions totalling TRY 160.3 million, alongside one operating licence suspension and one revocation. During 2024, the CBRT approved eight operating licence applications, seven applications to expand activities, and five applications for share transfers. It also conducted over 280 technical inspections focused on suspected unauthorised payment service provision and, where violations of Law No. 6493 were identified, made written applications to the relevant Chief Public Prosecutor’s Offices. Separately, the CBRT responded to 1,224 public requests for information on payment and electronic money institutions, payment services and electronic money issuance. The CBRT indicated it will continue its oversight and supervision work with a focus on compliance with national and international regulations and standards.

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