Chip passport reported required for foreigners' remote onboarding in Türkiye
Ekonomim reports that the Central Bank of the Republic of Türkiye (TCMB) has updated the rules on remote identity verification (uzaktan kimlik tespiti) for payment and electronic money institutions, through amendments to a regulation and a communiqué published in the Resmî Gazete. According to the report, the identity of foreign natural persons may be verified using passports that comply with ICAO standard 9303 and carry NFC functionality. The report states that NFC is the primary method for checking the identity document, with optical character recognition, a card reader or another method approved by the central bank used where NFC verification is not technically possible.
What it means for you
A foreign customer opening an account remotely at a Turkish payment or electronic money institution is, on this report, verified through an NFC chip passport, so a passport whose chip cannot be read does not fit the route described.
Sources
- Ekonomim (Dünya)Press
Related guides
