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Deposit>What is FAST?

What is FAST?

FAST is a next-generation payment infrastructure developed by the Central Bank of the Republic of Turkey (CBRT). FAST is designed to eliminate time constraints associated with interbank money transfers and enable instant, 24/7 fund transfers. Acronym for Instant and Continuous Transfer of Funds, FAST has been in use since 2021.

Papara is one of the financial technology companies approved for inclusion in the CBRT's FAST system. With Papara's participation in FAST, IBANs have also been assigned to Papara accounts

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