Increase in Minimum Equity Requirement for Payment Services, Electronic Money Issuance and Payment Service Providers
Pursuant to the Communiqué on the Re-Determination of Minimum Equity Amounts for Payment and Electronic Money Institutions, published in the Official Gazette dated 30 January 2025, minimum equity requirements for payment services, electronic money issuance, and payment service providers regulated under the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (the “Regulation”), which was published in the Official Gazette dated 1 December 2021, and numbered 31676, have been increased. Accordingly, effective from 30 June 2025:
(i) Minimum equity amount for payment institutions providing payment services has been increased from 10 million Turkish Liras to 15 million Turkish Liras;
(ii) Minimum equity amount for other payment institutions, excluding those providing the payment service specified in Article 4-1(g) of the Regulation, has been increased from 20 million Turkish Liras to 30 million Turkish Liras; and
(iii) Minimum equity amount for electronic money institutions has been increased from 55 million Turkish Liras to 80 million Turkish Liras.
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