A working checklist for founders and foreign PSPs and EMIs preparing a TCMB application: licence scope, the application file, the controls TCMB reviews and the obligations that start with the permit. Figures reflect the rules in force on 8 October 2026.
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Start by mapping the product to the statutory list of payment services. The permit covers only the services TCMB approves, so scope drives everything that follows.
SECTION 2 · 8 ITEMS
Application file
The application runs in two steps after a pre-application notice: intelligence review and final approval. Each step has its own regulatory deadline.
SECTION 3 · 10 ITEMS
Operational compliance
The final approval file (including the independent audit report) and TCMB’s on-site inspection look at these arrangements before the permit, so they must exist on day one, not after launch.
SECTION 4 · 7 ITEMS
After the licence
The permit starts a reporting and approval cycle. Missing a notification is itself a breach that TCMB can fine.
Decision Matrix: Is the Licence File Ready?
How your checked items distribute shows how ready the file is:
Payment institution: Art. 12 payment services named in its permit
E-money institution: e-money issuance plus permitted payment services
Own funds from 30 June 2026: TRY 20m / 40m (payment), TRY 105m (e-money)
Collateral at TCMB: from TRY 2m / 3m (payment), TRY 5m (e-money)
Application fee TRY 500,000; licence fee TRY 1m
TCMB decision within 6 months of a complete file
Systems, backups and records kept in Türkiye
No lending, no instalments, no crypto in payments
Legal notice. This document is for informational purposes only and does not constitute legal advice. Law No. 6493, the TCMB Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers, the TCMB information systems communiqué and Law No. 5549 are referenced in general terms; applying them to your company requires a lawyer’s review. Vircon Legal: [email protected] For the application itself, see our payment and e-money licence page and the Fintech & Payments Law hub.
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