The Central Bank of the Republic of Turkey (TCMB) revoked the operating license granted to TRPOS Payment Institution AŞ on June 20, 2013, under the Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions Act (No.
6493).
The decision was announced as part of TCMB’s efforts to strengthen regulatory oversight of the payment services sector.
TRPOS has not yet issued a statement regarding the revocation.
TCMB, together with other regulatory bodies, aims to ensure that regulations in the payment services sector are applied transparently and fairly.
The move serves as a warning to other payment institutions and signals the need for a review of the market’s regulatory framework.
Industry stakeholders will closely monitor the long‑term implications of TCMB’s decision.
TCMB Cancels TRPOS Payment Institution's Operating License
The Central Bank of the Republic of Turkey revoked the operating license granted to TRPOS Payment Institution on June 20, 2013, as part of its efforts to tighten regulatory oversight of payment services.
Sources
- CNN Türk · baglanti