CBRT Revokes Operating Licenses of Three Electronic Money Institutions

CBRT Decision on Electronic Money Sector The Central Bank of the Republic of Turkey (CBRT) has revoked the operating licenses of three payment and electronic money institutions following a decision dated February 18, 2026.
The decision was officially published in the Official Gazette, marking a significant regulatory action in the financial sector.
Among the institutions whose licenses were canceled is Fzypay Elektronik Para ve Ödeme Hizmetleri A.Ş.
The revocation was carried out in accordance with the relevant legal framework governing payment systems and electronic money institutions.
Legal Grounds for Revocation The licenses were revoked based on Article 14, Paragraph 1, items (ç) and (e) of the law.
These specific clauses address situations where an institution no longer meets the mandatory conditions required for its operation.
Furthermore, the Central Bank concluded that the continued operations of these institutions posed a threat to the security of payments.
This regulatory intervention aims to maintain the integrity and safety of the financial ecosystem in Turkey.