QNB Finansbank’s Payment Service QNBpay Receives Operating License from CBRT

QNBpay Begins Offering Next-Generation Payment Solutions with Central Bank Approval

QNB Finansbank, renowned for its technology-focused innovations in the financial world, has launched QNBpay Payment Services Inc. with a Central Bank license, aiming to provide cutting-edge payment solutions. A subsidiary of QNB Finansbank, QNBpay Payment Services Inc. obtained the CBRT license to address companies’ payment needs with a fresh perspective and top-tier customer experience. Alp Baydar, General Manager of QNBpay Payment Services, expressed plans to expand the financial platform through new products and partnerships to grow the market and offer value-added services to customers.

In the dynamic field of financial technology, QNB Finansbank’s QNBpay Payment Services Inc. has begun operations as a new fintech company dedicated to meeting companies’ payment needs securely, swiftly, and with customer-centric experiences.

Single POS, Multiple Banks

QNBpay’s service model allows users to seamlessly integrate with all banks through a single platform without dealing with additional costs. Payments are also deposited into accounts the next day. Alp Baydar highlighted:

“We emphasize this value proposition with the motto ‘Single POS, Multiple Banks.’ At QNBpay, we provide all the technological and operational support our customers need, allowing them to focus solely on expanding their businesses by offering installment options on all cards.”

Having operated under a representative model for approximately a year, QNBpay accommodates a broad customer base, including firms using traditional banking products and those new to payment service providers. Baydar noted significant growth in customer numbers and turnover over the past year, underscoring QNBpay’s vision to expand the market.

QNBpay not only addresses current needs but also aims to shape the future financial ecosystem. Currently offering virtual POS, link POS, and digital POS services, QNBpay plans to launch numerous new products and applications by the end of 2024.

Source: Egirisim / Prepared by Irem Yildiz

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