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Sunday, June 21, 2026

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6:29 PMPYMNTS

Turkish FinTech Midas Targets Consumer Payments Business

Summary

Midas has applied to Turkey’s central bank for an electronic money institution license. The company plans to launch a digital wallet and prepaid card offering to expand into consumer payments.

Why it matters

A license would let Midas turn its user base into a full-stack consumer finance platform, raising competitive pressure in Turkey’s payments market.

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