Turkey · Account Transfer · Est. 2021
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.
Fast System is Turkey’s real-time payment system (Account Transfer), launched in 2021. Turkeys instant payment system (Anlık Ödeme Sistemi) operated directly by the Central Bank of the Republic of Turkey (TCMB).
Fast System processed 5.8 billion transactions worth $805.0bn in 2025, a year-on-year change of +26.1%.
Fast System is operated by TCMB, with instant settlement.
Fast System launched in 2021, and today has 50 participating institutions.
Fast System supports proxy/alias lookup, ISO 20022 messaging.
Data source: TCMB.
| Capability | Status |
|---|---|
| QR Code Payments | — |
| Wallet Support | — |
| 24/7 Availability | ✓ |
| Cross-Border | — |
| ISO 20022 | ✓ |
| Request to Pay | — |
| Open API | ◐ |
| Alias/Proxy | ✓ |