The Central Bank of the Republic of Turkey (CBRT) has revoked the license of IQ Money Ödeme Hizmetleri ve Elektronik Para AŞ to operate as an electronic money institution.
The CBRT's decision was published in today's issue of the Official Gazette.
According to the decision, the license granted on September 10, 2020, to IQ Money Ödeme Hizmetleri ve Elektronik Para AŞ to operate as an electronic money institution for providing electronic money issuance services has been revoked.
The decision was taken in accordance with Articles 16 and 19 of the Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions.
News Source: AA
