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In a statement from the Central Bank of Turkey, “The Central Bank (CB) of Turkey of the new generation of 7/24 instant retail payment applications developed within the Instant and Continuous Fund Transfer System (FAST), after completing the ongoing pilot tests with banks, As of January 8, 2021 (today) is open for use “and the following information was provided:
“FAST with the system, the Republic of Turkey registered system of electronic payments, identification number (account identification information), telephone number and Easy Addressing System was also available, allowing an easy and practical way to start Email address.
To closely monitor its widespread use, the FAST system was initially released with a limit of 50 TL. This limit will be gradually increased according to the prevalence of use, up to 1000 TL.
The FAST system will make significant contributions to the digital economy by increasing transaction limits to higher levels and adding new value-added features such as square code payments and requesting short-term payments. “
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