TURKEY'S POSTAL OFFICE TO ISSUE ELECTRONIC MONEY


Within the framework of Decree Law No. 690, the Post and Telegraph Organization (PTT), which was transferred to Turkey's Sovereign Wealth Fund, has been added to the list of electronic money issuing organizations. Within the framework of the regulations in the law on Payment and Security Settlement Systems, Payment Services and Electronic Money Organizations, the PTT is now included among electronic money issuers.

The audit of the payment institution, the electronic money institution and the PTT within the scope of the law will be carried out by the Banking Regulation and Supervision Agency (BDDK). The PTT will operate without permission from the BDDK and will be able to issue electronic money. The procedures and principles regarding the implementation of the other provisions of the law regarding the PTT will be determined by the BDDK, which can also temporarily or permanently stop the PTT's from providing payment services or issuing electronic money based on an audit to be conducted by the institution.


DETAY HABER
04.05.2017 



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