The central bank has officially regulated the use of the quick response codes for financial transactions. Turkey QR code payment services now officially have regulations for standardization across the country. These regulations were implemented by the Central Bank of the Republic of Turkey (CBRT). The regulation, generation and use of the barcodes fall under the TR QR Code in Payment Services guidance. The CBRT has put the Turkey QR code payment services regulation into effect as of August 21, 2020. As a result of this standardization, payments transacted using the…
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