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Nerener provided the following answers to the AA reporter’s questions regarding the Central Bank’s process of becoming a partner in BKM, the future of the payment system and BKM’s activities in the new period.
QUESTION: “Why was the Central Bank authorized to become a shareholder with the amendment of law number 6493 in November 2019?”
ANSWER: “Guaranteeing the uninterrupted operation of payment systems in our country” is one of the main obligations of the Central Bank. In this sense, our bank is both the founder and the operator of the Electronic Funds Transfer (EFT) system, which is the most important payment system in our country. Important modifications were made to the Law on Precious Settlement Systems, Payment Services and Electronic Money Institutions. Although the Central Bank became the only authorized institution in the field of payments, our roles and responsibilities in this area also increased. “Systemic importance”, which has the potential to seriously affect stability and economic activity, has given it the power to become a shareholder. “
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