Central Bank revokes operating license of another company!

The Central Bank of the Republic of Türkiye (TCMB) has revoked the operating license of Parakolay Elektronik Para A.Ş. With the decision published in the Official Gazette dated October 10, 2026, the company's authorization to issue electronic money and provide payment services has ended. The reason for the revocation decision was not disclosed.

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Central Bank revokes operating license of another company!

The Central Bank of the Republic of Türkiye (TCMB) has revoked the operating license of Parakolay Elektronik Para A.Ş. The decision was published in the Official Gazette dated October 10, 2026, and numbered 33396.

Accordingly, the authorization granted to the company on July 28, 2022, to operate as an electronic money institution has been completely terminated. Following the decision, Parakolay's authority to issue electronic money and provide payment services has been removed.

In the TCMB's decision dated October 7, 2026, and numbered 12100/21699, it was stated that the revocation process was carried out based on the eighth paragraph of Article 21 of the Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions.

The decision published in the Official Gazette did not include a detailed justification for the revocation of the operating license.

News Source: 12punto