November 3 2025 — A New Era for Northern Cyprus Insurance: Credit Card Payments Now Mandatory for Third Party Policies

As of November 3 2025, all Third Party Motor Insurance policies in Northern Cyprus must be paid by credit card only.
Can Sigorta leads the transition with secure 3-D payment systems and instant digital policy activation.
Transparency meets technology — YES WE CAN.

Credit Card Only Payments — The Official Change

From 3 November 2025, under the new regulation issued by the Insurance Association of Northern Cyprus and regulatory authorities, all Third Party Motor Insurance policies must be paid by credit card only.

This means:

• No cash or bank transfer payments will be accepted,

• A policy is issued only after full card payment is confirmed,

• Payments are processed directly through the company’s secure POS system.

This decision marks a major step toward a fully transparent and digitally audited insurance ecosystem in Northern Cyprus.

🔒 What Is the Closed Collection System?

The “closed collection” system means agents can no longer handle payments directly.
Instead, all transactions are completed digitally through the insurance company’s secure payment infrastructure.

Every payment is:
✅ Processed through a 3-D Secure gateway,
✅ Verified before policy activation,
✅ Instantly recorded for financial transparency.

This approach eliminates cash risks and ensures each customer receives a valid, digitally traceable policy certificate.

🚀 Can Sigorta Leads the Digital Transformation

Founded in 1958, Can Sigorta has been a cornerstone of trust in the Northern Cyprus insurance market.
Today, it continues to lead through technology and innovation.

Via CAN Online, customers can:

• Pay securely with any credit card (3-D Secure),

• Receive their policy PDF instantly by email or WhatsApp,

• Access digital support 24/7 in English and Turkish.

“This regulation does not limit us — it confirms what we have been building for years: a transparent, secure, and digital insurance experience.”
— Kerem Can, General Manager, Can Sigorta

🧾 For Agents — A New Operational Model

The transition to credit card only and closed collection systems brings new discipline to the industry:

• Agents can no longer accept cash or bank transfers,

• All transactions must be completed via company-integrated POS systems,

• Commissions are automatically calculated after successful payment.

Can Sigorta has introduced an “Agent Guide to Closed Collection 2025” to support partners during this transition.

👥 For Customers — Speed, Safety and Confidence

This new payment model offers real benefits for every driver in Northern Cyprus:

• Instant policy activation,

• Secure 3-D verified transactions,

• No paperwork or waiting time,

• Digital delivery via email and WhatsApp,

• 24/7 YES WE CAN support line for urgent assistance.

“Insurance should feel simple and secure. That’s exactly what this change achieves.”
— Can Sigorta Team

🧠 Why It Matters for the Northern Cyprus Insurance Market

The November 3 update is more than a policy change — it’s a symbol of digital maturity for the Northern Cyprus insurance sector.
By embracing secure payments and data transparency, the market is aligning with international insurance standards.

Can Sigorta stands at the forefront of this evolution — transforming legacy processes into modern, trusted solutions.

📍 Contact Us

📞 YES WE CAN Helpline: +90 533 869 8222
🌐 www.cansigorta.com
🏢 Nicosia Head Office | Kyrenia | Güzelyurt | Gönyeli | Esentepe