G20 Report 2025: Türkiye (Wise)

Summary

• Türkiye maintained a direct access rating of 5/5 in 2025, permitting non-bank payment service providers (NBPSPs) to access domestic payment systems.p.10
• As of July 2025, 13 non-bank institutions, including e-money and payment institutions, have obtained direct access to the FAST network in Türkiye.p.14
• The Central Bank of the Republic of Türkiye doubled the limit per transaction for FAST money transfers from TRY 50,000 to TRY 100,000.p.15
• Retail payment limits via the FAST-TR QR Code system in Türkiye were raised from TRY 100,000 to TRY 250,000.p.15
• A snapshot of retail bank transfers in Türkiye revealed foreign exchange markups over mid-market rates of 1.06% for Türkiye Halk Bankası and 1.23% for Türkiye İş Bankası.p.16

Key insights

1. A total of eight G20 members achieved the highest direct access score of 5/5 in 2025.p.10
2. The Central Bank of the Republic of Türkiye first admitted NBPSPs to the FAST payment system in 2022.p.15
3. Under Law No. 6493, Turkish payment service providers must state applicable exchange rates in contracts but are not mandated to display distinct FX markups.p.16
4. The United Kingdom was the only G20 member to attain a 5/5 rating for price transparency in 2025.p.11
5. A global survey showed that 57% of consumer bodies identify a lack of fee transparency as a major driver of consumer distrust in digital finance.p.9
6. US consumers are projected to lose $19 billion to hidden foreign exchange markups in 2025.p.11