UPT an affiliate of Aktif Bank, the largest investment bank of Turkey, has become the first financial institution to receive the Payment Services Directive license in Turkey.
UPT is Turkey’s first and only local, global money transfer and payment platform for domestic and international transfers to account, credit cards or for cash payments in multiple currencies with over 400.000 service points in more than 200 countries in 5 continents.
Electronic money, money transfer and invoice payments are now available for the local brands such as UPT to operate in this field with the approval of BRSA (Banking Regulation and Supervision Agency) without being limited with the banks pursuant to this Law.
The new Law will also increase competition that will result in a decrease in the costs for the consumers and an increase in the service quality.
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