New Minimum Equity Amounts of Payment and Electronic Money Institutions

With the Communiqué on the Reassessment of the Minimum Equity Amounts of Payment and Electronic Money Institutions (“Communiqué”), has been published in the Official Gazette dated January 30, 2025, and numbered 32798 by the Central Bank of the Republic of Türkiye, the minimum equity obligations of payment and electronic money institutions have been reassessed and increased pursuant to Article 33 of the Regulation on Payment Services and Issuance of Electronic Money and Payment Service Providers.

Within the scope of the Communiqué, the minimum equity amounts, effective as of June 30, 2025, have been updated as follows:

• For payment institutions facilitating intermediary invoice payments, the minimum equity requirement has been increased from TRY 10,000,000 to TRY 15,000,000.
• For other payment institutions, excluding those providing services that consolidate and present users’ payment account information across multiple providers on online platforms, subject to the user's explicit consent, the minimum equity requirement has been increased from TRY 20,000,000 to TRY 30,000,000.
• For electronic money institutions, the minimum equity requirement has been increased from TRY 55,000,000 to TRY 80,000,000.