Qitero Qitero

FAST (Fonların Anlık ve Sürekli Transferi)

Country: Turkey (TR)  |  Payment Rail: real_time_payment

RealTimePayment Market Adoption: 65%

FAST is the Central Bank of Turkey's 24/7 real-time interbank instant fund transfer system operating with Kolay Adres (Easy Address) identifiers.

🔄 User Payment Flow

  1. Customer selects FAST at merchant checkout and receives merchant IBAN or Kolay Adres (Easy Address)
  2. Customer opens their Turkish bank mobile app and initiates FAST instant transfer
  3. Customer confirms payment details and authorizes via bank 2FA
  4. CBRT FAST system clears funds in seconds and sends payment notification to merchant

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRYES
Supports RecurringNO
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant API calls acquiring gateway for FAST reference payload
  • PSP issues payment token and FAST IBAN / QR code
  • PSP receives CBRT interbank clearing callback and updates merchant order status