Transition to Digital Economy Through 24/7 EFT!
Pilot runs of the instant retail payments through the FAST System have been accomplished! The systems of digital economy 24/7 instant retail payment will be operational as of the date of January 8, according to the statement of the Central Bank of the Republic of Turkey.
Instant Payment Through the FAST System!
Instant and Continuous Transfer of Funds (FAST) system will be operational as of today following the completion of the pilot runs. The FAST application enables you to render your electronic payments with your ID number registered in the system. It is a practical and fast system enabling people to transfer money 24/7.
Easy Addressing System!
With the FAST easy addressing system, your phone number and e-mail account are registered. In brief, it is a practical system that will enable the application to be started easily and practically!
₺50 Limit Will Be Gradually Increased!
You will be able to render payment 24/7 through the FAST which is a very simple and practical application.
Moreover, transaction limits are planned to be increased to higher levels!
The initial limit for the system is ₺50. It has been stated that this limit will be gradually increased to ₺1.000 TL depending on the efficiency and prevalence of the application.
England Signs the First Free Trade Agreement with Turkey After Brexit!
According to a statement of the UK Ministry of Trade, after Brexit, the first free trade agreement will be signed with Turkey today. Following the trade agreements between EU countries.
Value-Added by QR Code Payment!
The FAST is a practical payment system that will be readvanced with the widespread usage of the application!
It is planned to proceed to the QR code payment system following the increase in the usage rate of the system that will provide added value and the increase of the transaction limits. It has also been stated that different additional features that will provide added value have been advanced and will come into service within the application according to the process.
Along with being practical, the most important benefit of this system is that it’s a bridge for the transition to the digital economy in Turkey!