Papara in 2026: current status and alternatives

Papara was a popular e-wallet in Türkiye, but since May 2025, following a criminal investigation into illegal betting and money laundering, it has been run by Türkiye's Savings Deposit Insurance Fund (TMSF). The central bank revoked its licence in October 2025, and an administrative court suspended that decision in December 2025; the case continues.

Our advice

• Use a bank account for salary, rent and main transfers.
• If you use Papara or another e-wallet, don't keep large balances.
• Check the licence status of any e-wallet before using it.

Frequently asked questions

Is Papara still working?

The company is under TMSF management and its licence status is before the courts; check the latest position before using it.

What is a safe alternative for foreigners?

A bank account at a Turkish bank; see our guide to opening a bank account in Türkiye.

Can foreigners get an e-wallet without residency?

Most e-wallets require full identity verification and have serious limits for foreign users.