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Central Bank of the Republic of Turkey (CBRT), announcing the completion of preparations to open a new payment system for services, “QUICK
(Instant and continuous funds transfer) With this new system called “, our citizens will be able to make money transfers between their accounts in different banks in seconds, 7 days 24 hours”.
According to the statement made by the bank,
“Central Bank of the Republic of Turkey” has completed its preparations to open a new service payment system. With this new system called FAST (instant and continuous transfer of funds), our citizens will be able to make money transfers between their accounts at different banks in seconds, 7 days 24 hours.
The new instant payment system called Instant and Continuous Funds Transfer (FAST) developed by CBRT will go live as a pilot application on December 18, 2020. https://t.co/AY6zY4AgvJ pic.twitter.com/S5NedAhKqZ
– Central Bank (@Merkez_Bankasi) November 12, 2020
The FAST system is scheduled to enter service as a pilot application from December 18, 2020 and gradually open for use by citizens. It is intended that the system will be generalized in a short time to include all financial institutions.
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