Payment Institutions

Payment institutions face a dense and rapidly shifting regulatory landscape. Obtaining and maintaining a licence, whether under Türkiye's 6493 sayılı Kanun and BDDK oversight, the EU's PSD2/PSD3 regime, or a US state money transmitter framework, demands precise documentation, capital adequacy planning, and an ongoing compliance programme that keeps pace with regulatory updates.

Cross-border operations multiply the complexity. A Turkish payment institution expanding into the EU must navigate passporting rules, EBA guidelines, and local transposition differences, while one entering the US market confronts fifty-state licensing requirements alongside FinCEN and OFAC obligations. Our team has direct experience on both sides of these corridors and structures authorisation strategies that anticipate regulator expectations rather than merely reacting to them.

Beyond licensing, we advise on agent and distribution arrangements, scheme rules compliance with Visa, Mastercard, and local networks, AML/CFT frameworks, consumer protection obligations, and the contractual infrastructure connecting payment service users, merchants, and technical processors. When disputes or regulatory investigations arise, our litigation capability is available across all three jurisdictions.