Turkish Competition Authority abolishes BKM Express withdrawal decision
Interbank Card Center (BKM) issued regulatory reversal / exemption restoration affecting Turkish Competition Authority (TCA) on June 1, 2020.
- Primary
- Interbank Card Center (BKM)
- Counterparty
- Turkish Competition Authority (TCA)
- Structure
- regulatory reversal / exemption restoration
- Date
- June 1, 2020
- Sub-sector
- Payments
TCA reversed course on terminating BKM Express digital wallet service after Central Bank acquired control, allowing payment system to continue operating despite prior competitive concerns.
Source: mondaq.com