Central Bank of the Republic of Turkey Revokes Papel's Operating License
The CBRT revoked the electronic money institution operating license of Papel Elektronik Para ve Ödeme Hizmetleri A.Ş. with a decision published in the Official Gazette.
The Central Bank of the Republic of Turkey officially announced that it has revoked the authorization of Papel Elektronik Para ve Ödeme Hizmetleri A.Ş. to operate as an electronic money institution.
Decision Published in the Official Gazette
The decision taken by the Central Bank of the Republic of Turkey regarding Papel Elektronik Para ve Ödeme Hizmetleri A.Ş. entered into force after being published in the Official Gazette dated September 23, 2026.
Legal Basis for License Revocation
The revocation of Papel's operating license as an electronic money institution was carried out within the framework of relevant law articles and with the CBRT bank decision dated September 18, 2026.