Turkish instant payment systm goes live : vimarsana.com

Turkish instant payment systm goes live


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Turkish instant payment systm goes live
28 January 2021
Source: Central Bank of the Republic of Turkey
Developed by the Central Bank of the Republic of Turkey (CBRT) as a new generation instant retail payment service available 24/7, the Instant and Continuous Transfer of Funds (FAST) System started operating on 8 January 2021 (today) following the completion of pilot tests with banks.
Along with the FAST System, the Easy Addressing System, which makes it easier to initiate electronic payments by using registered Turkish ID numbers, phone numbers or e-mail addresses, is also in operation now.

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