The Central Bank of the Republic of Turkey (CBRT) allowed 24/7 money transfers a few years ago. FAST It had implemented an application called (Instant and Continuous Transfer of Funds). Citizens using this system in seconds he could transfer money, he was freed from the overtime obligation on EFT transactions. Now there is a new development related to this service.

The CBRT has so far increased the FAST transaction limit of 5,000 TL. Accordingly, now up to 20,000 TL All money transfers can be made via FAST. Transactions over 20,000 TL require two pieces of FAST or other ways to transfer money will be preferred.

A new application has also been launched for contactless functions of credit cards!

According to Anadolu Agency news, Banking Regulation and Supervision Agency (BRSA), issued a new instruction to banks about contactless payments. A password is required for the first credit card payment within the scope of this instruction. No password request for subsequent payments. won’t happen. The BRSA’s instruction on this is as follows:

“To prevent customers from using cards without their knowledge, card payments will be made immediately for all bank customers across our country, without being limited to the provinces where a state of emergency has been declared. Ensuring password entry on first contactless transactionsIt was considered appropriate to continue the current practice for subsequent procedures.