“FAST System has been available to our citizens as of today” Author iDealData

© Reuters. Update- CBRT: FAST System has been opened to the use of our citizens as of today.

The FAST System was opened to the use of our citizens as of January 8, 2021.

Central Bank of the Republic of Turkey (CBRT) that a new generation of 7/24 instant retail payment applications developed in-house fund of instant and continuous Transfer (FAST) System, after the completion of ongoing pilot testing with banks, January 8, 2021 (today) was put into operation over the years.

with FAST System, the system registered with the Republic of Turkey of electronic payments, identification number (identification information of accounts), telephone number and e-mail address that allows easy and practical way to start Easy Addressing System is also available.

In order to closely monitor its widespread use, the FAST System was initially started with a 50 TL limit. This limit will be gradually increased up to 1000 TL depending on the prevalence of usage.

The FAST System will make significant contributions to the digital economy by increasing the transaction limits to higher levels and adding new value-added features such as square code payments and requesting payment in the near term.

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-iDeal News Center-

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