Payguru Has Partnered with Iyzico to Offer Digital Wallet Top Ups in Turkey

Payguru has introduced a new use case for Direct Carrier Billing (DCB) in partnership with Iyzico, a provider of virtual Point of Sale solutions (POS) in Turkey.Payguru is a TPAY MOBILE company – a firm that provides payments across the Middle East, Africa and Turkey.

According to a release, Turkish consumers will now be able to top up “Pay with Iyzico”, creating value for consumers who do not have credit or debit cards. PayGur reports that there are 16 million unbanked individuals in Turkey.

Iyzico provides online payment services and AI-based payment technologies to businesses. Consumers will be able to top up Pay with Iyzico Wallet via bank transfers, credit cards, and mobile balance transfer, quickly and securely. Iyzico claims over 70,000 member business and more than 900,000 sub-members with an annual transaction volume of 18 billion Turkish Liras.

Payguru offers DCB services through three mobile network operators, bank transfers and ATM payments via eight major banks. Payguru states that it currently has over 1400 merchants on its platform and has processed over 104.5 million transactions in the past year.

The service is designed to improve financial access for consumers with limited access to traditional banking infrastructure.

Payguru’s Co-Founder and Chairman CEO Işık Uman said the partnership with Iyzico represents another significant milestone in Payguru’s journey.

“The move is firmly in line with our strategy of collaboration being the best route for making an impact in the age of DCB. It reinforces our commitment to continuously invest in and to unlock the value of digital commerce and financial inclusion and access across Turkey. It also signifies our improved ability to scale implementations, following the acquisition of Payguru by TPAY MOBILE in June 2020.”

Barbaros Özbuğutu, Co-Founder & CEO of Iyzico, said that moobile is enabling consumers to not only communicate more effectively, but pay remotely.

“Together with Payguru, we are breaking new ground in payments by using the power of mobile to increase financial inclusion – which is vital to stimulating economic development. By cooperating with operators, we make financial access possible for consumers who do not have a credit or debit card by enabling them to transfer balances to their Iyzico digital wallets via telephone operators.”