The Central Bank canceled the operating licenses of two electronic money institutions
Permits were abolished with two separate decisions published in the Official Gazette dated November 11, 2026.
Quick Look
- Central Bank of the Republic of Türkiye, Ozan Elektronik Para A.Ş. and A Payment ve Elektronik Para Hizmetleri A.Ş.'s electronic money institution operating licenses were cancelled.
- The decisions were published in the Official Gazette dated 11 November 2026.
- SDIF trustee was previously appointed to Ozan Elektronik Para on October 31, 2025.
AI-generated summary
Why It Matters
Ozan Elektronik Para A.Ş.'s operating license was previously temporarily suspended by the CBRT. According to TÖDEB records, SDIF was appointed as trustee to the company on October 31, 2025. The cancellation of the permission was taken within the scope of the relevant articles of the Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions.
The Central Bank of the Republic of Turkey (CBRT) decided to cancel the operating licenses of two electronic money institutions.
According to the decisions published in the Official Gazette dated 11 November 2026 and numbered 33427, Ozan Elektronik Para A.Ş. and A Payment ve Elektronik Para Hizmetleri A.Ş.'s licenses to operate as an electronic money institution were cancelled.
OZAN ELEKTRONİK PARA'S PERMISSION HAS BEEN CANCELLED
With the decision of the CBRT dated 10 November 2026 and numbered 12111/21710, the operating permit given to Ozan Elektronik Para A.Ş. by the decision of the Banking Regulation and Supervision Board (BRSA) dated 6 September 2019 was cancelled.
It was stated that the decision was taken within the scope of subparagraphs (d) and (e) of the first paragraph of Article 16, and the eighth paragraph of Article 19 and Article 21 of the Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions.
These regulations stipulate that the permits can be canceled in cases where the conditions required for the operating permit are lost and the continuation of the activities threatens payment security.
A ÖDEME'S OPERATION PERMIT HAS BEEN CANCELLED
With another decision published in the Official Gazette, the operating license of A Payment and Electronic Money Services Inc. was also cancelled.
According to the decision of the CBRT dated 10 November 2026 and numbered 12113/21712, the permission to operate as an electronic money institution granted to the company on 27 October 2022 was revoked.
It was stated that the decision was taken in accordance with subparagraph (ç) of the first paragraph of Article 16 and Article 19 of Law No. 6493.
The relevant provision allows the cancellation of the permits of organizations that are found to have lost the legal conditions required for an operating permit.
A TRUSTEE WAS PREVIOUSLY APPOINTED TO OZAN ELEKTRONİK PARA
Ozan Elektronik Para A.Ş.'s operating license was previously temporarily suspended by the CBRT.
According to the records of the Turkish Payment and Electronic Money Institutions Association (TÖDEB), the Savings Deposit Insurance Fund (TMSF) was appointed as trustee to the company on October 31, 2025.
With the latest decision, the company's permission to operate as an electronic money institution has been completely revoked.
What to Watch
AI outlook — possibilities, not facts
The CBRT's compliance audits for other electronic money institutions are expected to become more frequent.
Likely · Within weeks
Open Questions
- It is not clearly stated how balances in customer wallets will be paid after permission cancellation.
- No details were given about the current status of A Payment and Electronic Money Services Inc.'s business and its impact on customers.
- It is not stated whether legal recourse is available against cancellation decisions.
