Paycell Begins Its European Journey
18 Outubro 2022 - 5:22AM
Business Wire
Paycell, Turkcell's (NYSE: TKC, BIST: TCELL)
digital payment and financial services platform, opened its office
in Stuttgart as part of its expansion plans in European
countries. Paycell, which will provide simple, smart, and
cost-effective financial solutions to its European users, is also
collaborating with Solaris, Europe's leading embedded finance
platform.
Paycell, Türkiye's next-generation digital payment platform, is
making significant international investments and collaborations to
achieve its goal of becoming an inclusive financial service
provider. Opening of its office in Germany, Paycell will serve its
European customers under the Paycell Europe company. Paycell Europe
plans to expand its investments and collaborations in order to
provide end-to-end financial services to European users in an easy,
smart, and timely manner. Paycell Europe signed an agreement with
Solaris, Europe's leading embedded finance platform, at the opening
of its office in Stuttgart. As part of their collaboration, the two
institutions will work to broaden the scope and portfolio of
digital finance solutions that they provide.
Paycell Europe will provide financial services to its users
in an easy, smart and fast way
Paycell Europe will offer easy, smart, and advantageous digital
finance solutions thanks to its experience in Türkiye and powerful
technology. Paycell will give the service to its European customers
in one of Germany's innovation hubs.
Regarding Paycell's European journey, Osman Yılmaz, Turkcell
CFO elaborated as follows:
"Paycell which is one of the subsidiaries of Turkcell is
extending its operations in Europe to strengthen its position in
the fintech sector. We have entered to the European market by
opening our office in Stuttgart ‘de:hub’ which is one of the
important digital innovation hubs of Germany. Our innovative and
inclusive products and services will be accessible to all European
users thanks to our unique digital infrastructure. It’s apparent
that the improvement of Paycell will contribute to the European
market.”
Mentioning Paycell Europe's cooperation with Solaris, Serhat
Dolaz, Paycell CEO stated, “As Paycell, we are happy to
collaborate with Europe’s one of the leader in the field of
neo-banking and decided to move forward with Solaris. Along with
being one of the best providers of financial solutions in the
industry, Solaris will also share the knowledge it has acquired
through the various services it offers to renowned organizations
with Paycell."
Dr. Roland Folz, CEO of Solaris, added: “We are thrilled
that Paycell has chosen to partner with Solaris for its European
expansion. The powerful combination of fintech and telco offers
tremendous potential for embedded finance. Paycell's offering in
Turkey is a prime example of building an impressive ecosystem and
becoming a market leader. As a pan-European provider, Solaris
offers the ideal platform to quickly and securely implement
Paycell's ambitious plans and innovative concepts. We are delighted
to announce our partnership and look forward to an exciting
journey.”
International money transfer and financial services via
Paycell Super App
Paycell Europe will initially provide money remittance and
collection services with its international money transfer service.
Offering a superior digital finance experience with its unique
advanced technological infrastructure, Paycell will provide many
innovative solutions such as card, loan, and digital wallet for
European customers.
About ‘de:hub’
The Digital Hub (de:hub) Stuttgart can draw on an ecosystem of
innovative and established partners - often international market
leaders among medium-sized companies. The hub focuses primarily on
the promotion of projects in the fields of smart products,
mobility, AI and Industry 4.0. The cross-industry platform and hub
for digital pioneers questions the conditions for creativity and
innovation, promotes forward-looking ideas and provides a stage for
trends and new business models in a wide variety of industries. In
addition, the Innovation Spaces offer co-working offices, in which
above all the exchange between the residents and the partners of
the hub is promoted and a lively environment for start-ups and
companies is created in order to give creative ideas a space to
develop.
About Paycell
Türkiye’s most inclusive payment platform Paycell which can be
used by anyone, regardless of operator continues to create value
for all of its customers and stakeholders with the mission of
creating cashless society. Widespreading seamlessly and securely
with payment solutions Paycell reached 7 million active users in
the 2nd Quarter of 2022. Trading volume of Paycell in the first
half took place 3 times more compared to last year.
About Solaris
Solaris is Europe’s leading embedded finance platform empowering
the future of financial services. The tech company enables
businesses to easily provide trusted and innovative financial
experiences to their customers. Through smart APIs, partners can
embed financial services quickly and compliantly into their own
product offerings. Solaris is headquartered in Berlin and employs
over 750 people at eight locations in Europe and in India. Combined
net revenue in 2021 exceeded 100 million euros, representing growth
of over 90 percent year-on-year.
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version on businesswire.com: https://www.businesswire.com/news/home/20221018005657/en/
Contact Information: Turkcell Corporate Communications
Ebru Erbek Filizfidanoğlu ebru.erbek@turkcell.com.tr
Solaris Group VP Marketing & Communications Baha Jamous
baha.jamous@solarisgroup.com
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