2.4.1 Restructuring of Organizational Structure Regarding Payment Systems

With the publication of the “Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions” No. 6493 in the Official Gazette on 27 June 2013, the duties and responsibilities of the CBRT in this area increased. To fulfill these duties and responsibilities more effectively, the organizational structure of CBRT was changed and the Payment Systems Department was established on 4 November 2013 to carry out the activities in this area under a single roof. The Payment Systems Department consists of the Regulation and Oversight Division, the Payment Transactions Division, the Payment Systems Operation Division and the Research and Business Development Division.