The Central Bank of the Republic of Turkey (CBRT) has revoked the operating licenses of two companies active in the electronic money sector. The decisions regarding Ozan Elektronik Para AŞ and A Ödeme ve Elektronik Para Hizmetleri AŞ have been published in the Official Gazette and have entered into force.
According to the decisions in the Official Gazette, the authorization for both companies to operate as electronic money institutions has been removed.
The operating license granted to Ozan Elektronik Para AŞ by the Banking Regulation and Supervision Agency decision dated September 6, 2019, and numbered 8538, has been revoked. It was stated that the decision was taken within the scope of the relevant provisions of Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions.
The electronic money institution operating license granted to A Ödeme ve Elektronik Para Hizmetleri AŞ by the Central Bank decision dated October 27, 2022, and numbered 11333/20932, has been removed. It was reported that this decision was also taken in accordance with Article 19 and clause (ç) of the first paragraph of Article 16 of Law No. 6493.
News Source: 12punto
