New Electronic Money Institution Approval from the Central Bank of the Republic of Turkey
With the CBT decision published in the Official Gazette, the relevant company was officially authorized to provide payment and electronic money services.
As a result of the evaluations carried out by the Central Bank of the Republic of Turkey, NXT Elektronik Para ve Ödeme Hizmetleri A.Ş. was granted a license to operate as an electronic money institution.
Decision Published in the Official Gazette
The relevant communique prepared by the Central Bank of the Republic of Turkey entered into force after being published in the Official Gazette.
With the published decision text, the authorization process for a new institution to operate in the sector became official.
Scope of the Operating License
NXT Elektronik Para ve Ödeme Hizmetleri A.Ş. has gained the right to offer various payment services within the scope of the law.
The company has also been fully authorized to provide electronic money issuance services in accordance with the relevant articles.