E-MONEY USAGE/USE LIMITS ACCORDING TO MASAK LEGISLATION

                                                   
E-MONEY USAGE/USE LIMITS ACCORDING TO MASAK LEGISLATION
Only with GSM Number Information (Anonymous) Only by verifying Information in Electronic (Simple Procedure) By verifying information in electronic environment, by obtaining wet signature / With Remote Customer Acquisition
Limits Balance Load Limit Max 2750 TL / monthly Max 100,000 TL/month Own Credit Card and Own bank account No upper limit (with the condition of notifying Masak)
Balance Holding Limit Max 2750 TL / monthly Max 100,000 TL/Monthly No upper limit (with the condition of notifying Masak)
Withdrawal Limits 1000 TL/Year Max 100,000 TL/Monthly **Depending on the project, it can be defined below this amount. No upper limit (with the condition of notifying Masak)
Spending Channels Physical and/or Virtual POS Physical and/or Virtual POS Physical and/or Virtual POS
Spending Limits Max 2750 TL / monthly Max 100.000 TL/Monthly No upper limit (with the condition of notifying Masak)
Money Transfer Limit Money Transfer is not allowed Max 100,000 TL **Depending on the project, it can be defined below this amount. No upper limit (with the condition of notifying Masak)
Documents and Approvals User agreement Physical or Electronic Approval Physical or Electronic Approval Physical or Electronic Approval
GDPR (KVKK) consent Physical or Electronic Approval Physical or Electronic Approval Physical or Electronic Approval
SMS etc. Communication Confirmation Physical or Electronic Approval Physical or Electronic Approval Physical or Electronic Approval
GSM NO YES YES YES
ID Verification NO Electronic Approval (KPS, Black List, AML Control etc.) With Electronic Approval and Wet Signature / Remote Customer Acquisition
Address Verification NO NO E-devlet or Utility Invoice etc. Providing verification service through this service by opening submission or APS services to E-money Companies
Identity Document Submission NO NO Identity document photocopy or electronic Copy and other necessary documents etc.
E-money Usage/use Limits According To Masak Legislation
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E-MONEY USAGE/USE LIMITS ACCORDING TO MASAK LEGISLATION