Turkish IS Bank and UnionPay International inked a deal for all 470,000 POS terminals of Turkey IS Bank（Türkiye İş Bankası A.Ş.to be enabled to accept UnionPay cards.
Diners Club and Alternatifbank (ABank) have inked an agreement to form a new Diners Club International issuing franchise in Turkey. The agreement makes ABank the exclusive Diners Club card issuing franchise in Turkey.
Türk Ekonomi Bankası (TEB) has launched a new digital banking service, CEPTETEB (Turkish for “TEB in your pocket”). The new TEB mobile banking service was designed and developed by Monitise.
Monitise is powering a new suite of mobile apps for Turkish Airlines. Monitise has worked with Turkish Airlines since 2009, and designed and developed the airline’s previous ‘Fly Turkish’ apps for iPhone, BlackBerry, Java and WAP.
Brazil’s UOL BoaCompra is overtaking the online games payment territory in Turkey. As the fourth largest internet usage country in Europe with 70% of total game time spent on PCs, Turkey is dominated by free-to-play models and MMO’s. The company’s latest full-service payments launch into Turkey comes off the heels of the company’s expansion into Colombia, Peru and Mexico
MasterCard and BANSEFI announced a partnership to foster financial inclusion in Mexico through the disbursement of social benefits using electronic payments. The BANSEFI MASMasterCard-branded card is part of the recently launched social support program developed by the Mexican Government.
Monitise banking technology partnered Kredi Bank to offer Nuvo ‘branchless banking’ service with mobile commerce capabilities. This allows customers to open accounts and complete all their transactions via mobile and internet banking, Nuvo enables consumers to manage their money and take advantage of mobile shopping and commerce services in their own time and from anywhere. Account features include competitive interest rates, free account transactions and money transfers, and perks such as Yapı Kredi’s World Gold or Play Card loyalty programs. In addition to delivering banking convenience, Nuvo offers exclusive shopping benefits to its users, including discounts and reduced delivery costs. Nuvo is currently available on iOS and Android, in both Turkish and English.
UnionPay International (UPI) signed a cooperation agreement in Shanghai with Leumi Card to begin the acceptance of UnionPay cards by merchants and ATMs in Israel. Leumi Card is the first cooperative acquirer of UnionPay International in Israel, providing access to over 40,000 merchants covering nearly all places frequently visited by tourists, and about 360 ATMs across Israel. Bank Leumi has about a 30% market share in Israel.
TSYS announced the publication of a white paper titled “Implementing a Successful Commercial Card Program in Turkey ” Avoiding Pitfalls: Lessons from the U.S. Experience.” The paper outlines the market opportunity and key drivers for commercial card growth in Turkey, drawing on experiences in the U.S. commercial card market to provide insights on accelerating card penetration. Noting key metrics that demonstrate the significant past growth and future potential of commercial cards in Turkey, the paper articulates three core benefits ” reduced costs, improved cash flow and reduced risk of non-payment ” of increasing commercial card usage for both issuers and their corporate clients. The paper further identifies three key insights for use in penetrating and developing the commercial card market in Turkey: understanding the opportunities and challenges of introducing commercial products, identifying the market opportunity by card type and exploring the importance of developing solutions specific to organization types.
Monitise plc announces the acquisition of Pozitron Yazilim A.S., a privately-owned mobile technology company based in Turkey, delivering mobile banking, payments and commerce solutions to businesses in its home market, the Middle East and internationally. Istanbul-based Pozitron, a leading business in Turkey’s Mobile Money space, powers next generation Mobile Money solutions for more than 30 leading enterprises acrossbanking, telecoms, retail and pharmaceuticals, including Turkish Airlines, eBay, ING,TEB, which is part of BNP Paribas,GlaxoSmithKline and Hepsiburada.com, Turkey’s equivalent to Amazon.
Ingenico and PAVO Inc., collaborated to develop the iWE280, a new generation of mobile cash register with electronic fund transfer capability (EFT-POS) as a consequence of a market organization required by the Turkish State. The iWE280 is designed to process a wide range of payments types; customers can use contactless cards such as NFC cards, bank and public transport cards, but also smartcards and cards with magnetic stripes.
Kobil IT security solutions for the financial industry added a completely new dimension to its deep-rooted cooperation with Yapi Kredi, which is one of the oldest Turkish banks. The Innovative and modular platform technology “Application Security Technology (AST)”, which will be integrated into Yapi Kredi’s IT infrastructure within the scope of cooperation, will allow Yapi Kredi ‘s customers to perform their banking operations in a more secure environment than ever before. Furthermore the Bank will provide its customers with KOBIL mIDentity mini as well as KOBIL OTP technology. Yapi Kredi will utilize Application Security Technology (AST), presented by KOBIL especially for mobile platforms (iOS, Android). The AST solution offers a foundation that increases the level of customer security on all alternative channels such as mobile banking, Internet banking, ATMs and telephone banking. The AST solution automatically performs the majority of security operations thus providing the utmost convenience for the end user.