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Legal Alerts

Updated Minimum Equity Requirements for Turkish PSPs and E-Money Issuers

Legal Alerts

Recent Developments

The Central Bank of the Republic of Turkey (“CBRT“) updated the minimum equity requirements under Article 33 of the Regulation on Payment Services and E-Money Issuance. Updated requirements were published in the Official Gazette dated January 22, 2022 and No. 31727 and will enter into force by April 1, 2022.

What’s New? 

The CBRT updated the minimum equity requirements as follows:

Relevant Institution Former Minimum Equity AmountUpdated Minimum Equity Amount
Payment services providers exclusively dealing with invoice collectionTRY 3,000,000TRY 5,500,000
Other payment services providersTRY 5,000,000TRY 9,000,000
E-money issuersTRY 13,000,000TRY 25,000,000


Considering the annual changes in the price indexes published by the Turkish Statistical Institute, the CBRT increased the minimum equity requirements for payment and e-money institutions to be effective as of April 1, 2022.