Turkey's Electronic Money

Press Release

TURK Elektronik Para Inc.
Press Releases 2015/1
07 September 2015 Monday

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PARAM give a start to legal electronic money era at Turkey!

Period of legal and safe payment period is starting with Turkey's elektronik money PARAM!

Earn with Turkey's elektronic money PARAM, while paying!

PARAM took permission from BDDK and publisshed at official gazette

BDDK said PARAM , making payments become profit


Emin Can Yilmaz, Chairman of the Board of Directors of TURK Elektronik Para Inc., which has been issued at the end of June 2015 and entered into force within the framework of Law No. 6493 and licensed from BRSA and published in the Official Gazette, said: "A new era begins in Turkey. This era is era of safe and legal electronic money era. Our brand that we offer to the market in this context, 'Param', is a local electronic money which will provide great amenities and a variety of advantages to its users. When individuals and instutatios says 'I want to pay with Param' they will start to earn while paying, also they will know their balances, finally they can manage their budgets. Param will provide tranparency and comfort for our nation, individuals and instutaions.

Mevzuatı 2015 Haziran sonu itibariyle yürürlüğe giren 6493 sayılı kanun ile birlikte Türkiye'de yasal elektronik para dönemi başladı. Kullanıcılara, firmalara ve kamu kurumlarına büyük kolaylık sağlayan bu yeni dönemde, elektronik ödemeler yasal koruma altına alındı. Bu kapsamda BDDK'ya ilk elektronik para kuruluşu başvurusunu yapan TURK Elektronik Para Inc.'nin faaliyet izni alması ve bu iznin Resmi Gazete'de yayımlanmış olması ile birlikte ülkemizde ödeme sistemlerinin farklı modellerinin de önü açılmış oldu.

Electronic payment systems are rapidly evolving all over the world. In European Union, three countries have already made decisions about transitioning to cashless life. As of January 2016, there will be no cash payments outside of hospitals, pharmacies and post offices in Denmark.

Turkey, with law no.6493, shows that she is not lagging behind in this area. TURK Elektronik Para Inc., developed innovative value added products and services, by the experience of its founders since 2004, at the categories of legal payment services with card,mobile or wearable technologies.The organization, which aims to make payments safe and fast, offers many advantages including discounts to its users.

We made approximately 1 billion TL worth of Payment Transaction with BaroKart! TURK Elektronik Para Inc. is still presenting BaroKart, AdaletKart and Platin Kart services with the technology that still getting improvements with R&D since 2004. Board Chairman Emin Yılmaz said: "Since today, we have acted as an intermediary at a considerable amount of payment transactions with our " Smart Cantacless Cards" and our unparalled payment infrastruce. Our project of combining Smart Lawyer ID CArds and electronic purse, BaroKart, approxitemately made 1 billon TL worth of money transactions."

Yılmaz said that, as TURK Elektronik A.Ş while they were doing R&D, they closely followed the related legislation until its publication as a draft, also they had contributed to this process and eventually got permission from the BDDK. Yılmaz continues his words, "We have experienced the difficulties of being the first in the application process, but the pride we have experienced after publication at Official Gazette has made us forget all the difficulties."

TURK Elektronik Para Inc. has applied as the first electronic money company to the Banking Regulation and Supervision Agency (BDDK) on December 31, 2014 for permission to operate under the Law no. 6428, and permission granted to operate as electronic money company for electronic money issuance with decision of agency dated 27 Agusust 2015 and decision numbered 6428. ( ilgiliye not: bu cümleden emin değilim )

Yılmaz stated that"I want to pay with Param; Usage of electronic money increased at world, due to advantages of transparent, registered economy and logistical and paper expenses of cash. " Yılmaz said that TURK Elektronik Para Inc. will under take function of beeing pioneer and market developer.He spoke about PARAM ,first of their many services that will be offered to market, "A new era begins at Turkey. This era is going to be era of legal and safe electronic money. In this context our brand 'Param' is a domestic elektronik moey which provides great convenience and various advantages to its users.When individuals and instutatios says 'I want to pay with Param' they will start to earn while paying, also they will know their balances, finally they can manage their budgets. Param will provide tranparency and comfort for our nation, individuals and instutaions."

With the granteed permission as an electronic money company services and unique brands of this services are, virtual pos solutions for e-commerce websites(TURKPOS), bill payment services(TURKVEZNE), Collection Services(TURKTAHSILAT,TURKODEME) and most important authorization of this permit as electronic money issuance (PARAM, BAROKART, ADALETKART, EASYCARD, PLATINCARD).

Not: - 6493 nolu kanun : Ödeme ve Menkul Kıymet Mutabakat Sistemleri, Ödeme Hizmetleri ve Elektronik Para Kuruluşları Hakkında Kanun
- Param : TURK Elektronik Para Inc. şirketinin TURK Patent Enstitüsü nezdinde başvuru yapılmış, yayın kararı alınmış markasıdır.
- Barokart : Avukat Kimlik Kartı olarak üretilen, Türkiye Barolar Birliği'ne ait, TURK Elektronik Para Inc. kullanım hakkı olan markadır.
- AdaletKart : Adalet Bakanlığı Personelinin ve Yargı Mensuplarının kimlik kartı olarak üretilen, Adalet Teşkilatını Güçlendirme Vakfı'na ait TURK Elektronik Para Inc. kullanım hakkı olan markadır.
- PlatinCard : Türk Telekom ve grup şirketleri Yardımlaşma Sandığı üyelerine üretilen kimlik kartıdır.