The government of Turkey is working to improve the platform that is set on the Banking Regulation and Supervision Agency’s (BRSA) web site and that discloses all fees charged by banks for the services they provide. 

The BRSA started to license payment institutions in July 2015 and will continue to progress this work. 

To improve sector competition, the Law allows payment institutions and electronic money institutions to conduct money remittance services through a more extensive service or agent network compared to banks. 

All fees that are charged by each bank for the services they provide are listed on a platform set in the BRSA’s web site. This work is expected to increase transparency and competition in the remittance market, helping consumers make fully informed choices among alternatives.