About
Papara is a Turkish e-money account run by Papara Elektronik Para A.Ş. under Central Bank of the Republic of Türkiye supervision. Users get an IBAN for free, instant 24/7 transfers, top up by bank transfer or ATM cash deposit, and spend with a fee-free prepaid Papara Card, QR codes or bill payments. In May 2025 the group was put under TMSF trusteeship in an illegal-betting probe and its licence was revoked in October 2025 until a court suspended the revocation in December 2025; in April 2026 state-owned Türkiye Emlak Katılım Bankası won the TMSF tender for the group. Papara cites over 23 million users as of 2026.
TCMB revoked Papara's electronic money licence on 30 Oct 2025 (Official Gazette 31 Oct) following a May 2025 illegal-betting investigation; an Ankara court suspended enforcement on 9 Dec 2025, so the service continues to operate while the case runs. Status is genuinely contingent.
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