Turkey vs Taiwan · Real-time payment systems compared
| Capability | Fast System | FISC |
|---|---|---|
| QR Code Payments | — | ✓ |
| Wallet Support | — | — |
| 24/7 Availability | ✓ | ✓ |
| Cross-Border | — | ◐ |
| ISO 20022 | ✓ | ◐ |
| Request to Pay | — | — |
| Open API | ◐ | ◐ |
| Alias/Proxy | ✓ | ◐ |
Turkey's instant payment system (Anlık Ödeme Sistemi) operated directly by the Central Bank of the Republic of Turkey (TCMB). Supports transfers via IBAN, phone number, email, or Turkish ID number with 24/7 availability and sub-second settlement. Launched during a period of rapid digital payment adoption in Turkey, it connects banks and e-money institutions. The system processes both TRY and has provisions for future multi-currency support as Turkey's fintech ecosystem expands.
Taiwan's shared interbank real-time rail, operated by FISC (Financial Information Service Co.). Carries both institutional flows and consumer traffic — real-time transfers in every Taiwanese bank's mobile app, any-bank ATM withdrawals, and TWQR merchant payments. TWQR is FISC's national interoperable QR-code standard (launched 2019), used by consumer wallets Line Pay Money, JKO Pay, iPass Money and Pi 拍錢包. Live 24/7 since 1991, connecting 107 institutions, handling TWD plus five foreign currencies (USD, RMB, JPY, EUR, AUD). Settles through the CBC's RTGS.