The operations of IQ Money and Paypole payment institutions have been terminated.

17.09.2025 00:30

With the decision of the Central Bank published in the Official Gazette, the operations of IQ Money and Paypole payment services have been terminated.

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The Central Bank has revoked the operating licenses of IQ Money Payment Services and Electronic Money Inc. and Paypole Payment Services and Electronic Money Inc.

The decision text published in the Official Gazette is as follows; "The operating license granted to IQ Money Payment Services and Electronic Money Inc. by our Bank Decision dated 10/9/2020 and numbered 10953/20552 to provide payment services specified in the first paragraph (a), (b), (c) of Article 12 of the Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions (Law No. 6493) and to issue electronic money within the scope of the second paragraph of Article 18 has been revoked in accordance with the first paragraph (c) and (ç) of Article 16 and Article 19 of Law No. 6493."

It has been decided to revoke the operating license granted to Paypole Payment Services and Electronic Money Inc. by our Bank Decision dated 27/4/2023 and numbered 11429/21028 to provide payment services specified in the first paragraph (a), (b), (c), (ç), and (e) of Article 12 of the Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions (Law No. 6493) and to issue electronic money within the scope of the second paragraph of Article 18, in accordance with the first paragraph (c) and (ç) of Article 16 and Article 19 of Law No. 6493."