Payment Systems in Turkey Payment and Electronic Money Institutions are entities licensed to operate as a payment institutions or electronic money institutions pursuant to the Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions (“Law No. 6493”) and the Regulation on Payment Services and Electronic Money Issuance and Payment…

The Reserve Bank of India (RBI), India’s central banking institution created an inter-regulatory Working Group (WG) in July 2016 to study the scope and potential of FinTech and review the regulatory framework with which the industry has to comply. The goal of this exercise was to make rules and regulations more suitable for the ever-evolving…