back Back

Ozan Electronic Money Turkey announces collaboration with Albaraka Turk

By Leandra Monteiro

February 25, 2021

  • Ozan
  • Turkey
Share

Ozan SuperApp, Turkey, Albaraka Turk, Ozan Electronic Money Turkey, open banking, Electronic Money

Insha Ventures, a subsidiary of Albaraka Turk has announced that it is joining forces with Ozan Electronic Money Turkey. The open banking cooperation will integrate Albaraka API Platform infrastructure into Ozan SuperApp, giving Ozan SuperApp users the opportunity to perform different services such as 24/7 money transfer, purchasing gold, forex transactions, bill payment and many others.

Speaking on the collaboration Meliksah Utku, the General Manager of Albaraka Turk said, “Albaraka Turk continues to be the pioneer of open banking and Banking-as-a-Service (BaaS) in Turkey thanks to the Albaraka API platform that started with ‘Let’s build together the digital products of the future!’ motto. I believe that the cooperation between Insha Ventures and Ozan Electronic Money Turkey will contribute a lot to the ecosystem of financial technologies and I find that very exciting.”

Omer Suner, the CEO of Ozan Electronic Money Turkey said, “With Ozan SuperApp, we aim to offer our users in-house developed financial services that are run on the rails of our industry-leading business partners. Following our Visa membership that we announced last week, our strategic partnership with Insha Ventures aligns with our vision of growth through long-term partnerships.”

Yakup Sezer, the General Manager of Insha Ventures, went on to emphasise that the company has been a bridge of development for the fintech ecosystem in Turkey, and added, “Insha Ventures supports super applications by offering them APIs-based services such as payment accounts, investment products, bill payments, and money transfer. Our comprehensive cooperation with Ozan SuperApp is a very important step to make contributions to the financial services industry in Turkey. Thanks to this cooperation, our Albaraka Open Banking Platform will provide Ozan SuperApp a great range of integrated financial services, representing the latest technology within open banking the world.”

Dr. Ozan Ozerk, founder of Ozan SuperApp, shared, “Since early 2000 Turkish banking industry has been joining forces with telecoms, ISPs, technology companies and other key players leapfrogging into the future. Private and government initiatives have pushed competition to the highest level, bringing Turkish financial technologies to become a global leader. Ozan SuperApp aims to benefit from this ecosystem as its launches globally.”

Previous Article

February 25, 2021

OneConnect and SGX partner to facilitate ESG disclosures listed on SGX

Read More
Next Article

February 25, 2021

FIS study reveals Cash bids a hasty retreat amid POS contraction

Read More






IBSi Daily News Analysis

UK, Bank

July 12, 2024

Ozan

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

July 12, 2024

Payset and ClearBank partner for local and cross-border payments

Read More

July 12, 2024

Network International launches Business Payment Solutions with Mastercard

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024