I have been following the rapid developments in Digital Banking both in the World and in Turkey.
According to a news I read, the number of companies applying for a Digital Banking license in Turkey in the first months of 2023 reached 35.
What is Digital Banking? What kind of legislation does it have?
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In the Regulation on the Operating Principles of Digital Banks and Service Model Banking published in the Official Gazette No. 31704 dated December 29, 2021;
“Digital bank: Credit institution that provides banking services through electronic banking services distribution channels instead of physical branches,”
It is defined as .
Digital Banks provide their services to their users over the internet, without having a physical branch. Okumaya devam et “Digital Insurance in Turkiye”