Shock decision from the CBRT: Operating licenses of Pay Fix, Aypara, and İninal suspended
The Central Bank of the Republic of Turkey (CBRT) has suspended the operating licenses of payment companies Pay Fix, Aypara, and İninal, which were mentioned in an illegal betting investigation.
12punto
A decision has been made regarding the operations of payment institutions mentioned in an illegal betting investigation. The Central Bank of the Republic of Turkey announced that all operating licenses of Pay Fix, Aypara, and İninal have been suspended.
The statement included the following: "It is deemed beneficial to inform the public regarding the news in the press concerning the investigation conducted by judicial authorities into companies including Pay Fix Elektronik Para ve Ödeme Hizmetleri A.Ş. (Pay Fix), İninal Ödeme ve Elektronik Para Hizmetleri A.Ş. (İninal), and Aypara Ödeme Kuruluşu A.Ş. (Aypara), which are under the supervision and regulation of the Central Bank of the Republic of Turkey (CBRT)."
The Central Bank's statement included the following:
"In the process leading to the suspension of the operating licenses of Pay Fix, Aypara, and İninal under Law No. 6493;
With the CBRT decision dated September 30, 2024, and numbered 11724/21323, administrative and financial measures were applied to Pay Fix within the scope of the eighth paragraph of Article 21 of Law No. 6493.
With the CBRT decision dated February 28, 2025, and numbered 11799/21398, Pay Fix's operating licenses for providing payment services specified in subparagraphs (b) and (c) of the first paragraph of Article 12 of Law No. 6493—limited to the acceptance of payment instruments—were suspended in accordance with the eighth paragraph of Article 21 of Law No. 6493.
Furthermore, it was decided to impose an administrative fine within the framework of Article 27 of Law No. 6493.
In addition to these, as a result of the evaluations made within the scope of the aforementioned investigation, all operating licenses of Pay Fix, Aypara, and İninal under Law No. 6493 were suspended with the CBRT decision dated March 14, 2025, and numbered 11811/21410."
Erkan Kork, the owner of Pozitifbank, Payfix, and Flash TV, had been arrested. The management of the companies owned by Kork had also been transferred to the Savings Deposit Insurance Fund (TMSF).