The operating licenses of two electronic money institutions have been revoked

The Central Bank of the Republic of Türkiye (TCMB) revoked the operating licenses of two electronic money institutions, A Ödeme ve Elektronik Para Hizmetleri AŞ and Ozan Elektronik Para AŞ. The decision removes both firms from the payments market, though the article did not specify the grounds for the cancellations. The move matters because license revocations can disrupt merchants and users who rely on these providers for payment and e-money services, and can prompt consolidation among smaller players. What to watch next is whether the TCMB publishes detailed reasoning and how quickly affected customers and merchants migrate to alternative providers.