The Communiqué on the Reassessment of Minimum Own Funds Requirements for Payment and Electronic Money Institutions, published in the Official Gazette on January 30, 2025, is set to enter into force on June 30, 2025. The regulation introduces significant increases in the minimum capital requirements for payment and electronic money institutions operating in Türkiye.

The minimum own funds requirement for payment institutions providing bill payment services, while previously set at 10 million Turkish Liras, has been increased to 15 million Turkish Liras.

For other payment institutions, except those offering account information services on online platforms with the user’s explicit consent, the minimum own funds requirement has been revised from 20 million Turkish Liras to 30 million Turkish Liras.

The minimum own funds requirement for electronic money institutions has been raised from 55 million Turkish Liras to 80 million Turkish Liras.

With inflation remaining high in Türkiye, the revised minimums seem to align with efforts to maintain the financial resilience of payment service providers.

Please do not hesitate to contact us for further information or assistance regarding the Regulation.