The Central Bank of Turkey has revoked the licenses for providing services of electronic payment services Pay Fix, İninal, and Aypara. The regulator's resolution was published in the official government printing body Resmi Gazete.
Following this decision, the services of Pay Fix, İninal, and Aypara have been suspended.
Why did Russians choose Turkish platforms?
These services were convenient for making international payments. Russians could quickly top up their accounts and make cashless payments in stores and online. At the same time, they did not need to open an account in a Turkish bank.
For example, in Papara, Russians opened an account remotely. They used a foreign passport for verification. This functionality was relevant after the blocking of bank cards issued in the Russian Federation abroad.
A source in the Turkish authorities stated that the volume of transfers through Papara has decreased recently. He expressed confidence that new players will soon appear on the market.
Read more materials on the topic:
Now on home
