back Back

Pundi X partners with OVO Dijital Servisler to bring crypto transactions to Turkey

By Leandra Monteiro

July 12, 2021

  • Pundi
  • Turkey
Share

cryptocurrency, OVO Dijital Servisler, Pundi X, Turkey, cryptocurrency Following the growing popularity of cryptocurrency and cryptocurrency-related services in recent years, blockchain solution developer Pundi X announced that its products and services will now be available in Turkey via distribution by platform-as-a-solution company OVO Dijital Servisler A.S.

The distribution of Pundi X products in Turkey will primarily focus on business owners looking to facilitate easy in-store cryptocurrency exchange. How this will work is that Pundi X will focus on setting up physical cryptocurrency exchange spots, where trading cryptocurrency is as easy as traditional money exchange.

According to research conducted by The World Economic Forum (WEF), Turkey is the 4th in the world with 16% share in the interest for cryptocurrencies, and also the top-ranked country in the Eurozone.

Hakan Akyüz, the General Manager of OVO, emphasizes the collaboration’s compliance with Turkish rules and regulations. “Pundi X platform is fully compliant to the new crypto asset regulation announced by the Central Bank of Republic of Turkey on Apr 16, 2021,” he said. “There is [even] no need for large sums for this as there is no sub-transaction limit on the platform. In other words, consumers who are interested in cryptocurrencies will be able to visit any Pundi X point and perform crypto transactions even in small amounts like 5 Turkish lira.”

OVO holds years of experience enabling mobile payments in Turkey. Some of their products include the oWallet which leverages Apple Wallet and Android Wallet tech to easily give insights into customer spending habits and help companies improve their relationships with their customers. Turkish business owners will be able to use Pundi X products such as the XPOS, which are capable of enabling blockchain-based transactions with a card swipe and the XPASS, which acts as a digital wallet for digital assets to facilitate the ownership of crypto assets for their customers.

Businesses interested in becoming Pundi X dealers will now be able to select their preferred starter packs—including all the technological infrastructure and marketing materials. 100 limited spots with an offer of $1500 can be applied from pundixturkiye.com.

Previous Article

July 12, 2021

QNB establishes its footprint in Asia with Hong Kong entry

Read More
Next Article

July 12, 2021

Axia collaborates with UBDI for data monetization for its inclusive ecosystem

Read More

IBSi Prime News

The Weekly Wrap

November 26, 2021

Pundi

The Weekly Wrap: all you need to know by Friday COB | Nov 26th

Read More
  • Daily insightful news analysis
  • Weekly snapshot of the industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews featuring c-level executives shaping the industry
  • Profiles of the most influential established and emerging companies in the sector
  • Weekly global FinTech use cases
  • Chart of the Week curated by the IBSi’s Research Team
Subscribe to Prime

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

Today

Transak leverages Zero Hash for US expansion

Read More

Today

Usio announces the promotion of Greg Carter and the hiring of payments industry veteran Steve Peterson

Read More

November 26, 2021

TabTrader announces the closing of a $5.8m Series A funding round

Read More

Related Reports

Sales League Table Report 2021

£1,500 / year

Know More
US Financial Services Technology Report 2021

£1,500 / year

Know More
The Future of Digital Banking Report 2021

£1,500 / year

Know More
Wealth Management & Private Banking Systems Report 2021

£1,500 / year

Know More
Treasury and Capital Markets Systems Report 2021

£1,500 / year

Know More