Press Release on Papara Elektronik Para A.Ş. (2025-34)

No: 2025-34

May 27, 2025

Press Release on Papara Elektronik Para A.Ş. 

As part of the investigation no. 2024/231483 of Istanbul Chief Public Prosecutor's Office based on the reports of the Central Bank of the Republic of Türkiye (CBRT), the Financial Crimes Investigation Board (MASAK) and other relevant institutions, the Savings Deposit Insurance Fund (SDIF) has been appointed as trustee of Papara Elektronik Para A.Ş. (the Institution) by the relevant court.

During this process which will involve coordination with the relevant institutions, payment transactions provided through the Institution will be temporarily subject to daily limits. Details will be announced by the Institution.

As per Article 22 of Law No. 6493, payment service users’ funds at payment and electronic money institutions are secured in safeguarding accounts at banks. 

The CBRT carries out oversight and supervision to ensure safe, uninterrupted, effective, and efficient operation of payment and electronic money institutions.

Authorized Payment and Electronic Money Institutions and the Scopes of Their Operating Licenses are available here.

Contact

For further information, please send an e-mail to basin@tcmb.gov.tr.