Turan Expands Digital Money Transfers to Uzbekistan’s Uzcard and Humo
Turan, a leading financial technology company, has announced the launch of 100% digital money transfers from Turkiye to Uzbekistan’s local card systems, Uzcard and Humo. This new feature enhances financial accessibility for Turkish diaspora, offering a cost-effective and streamlined way to send money.
This strategic move builds upon Turan’s prior success in offering person-to-person transfers to Uzbekistan, Kyrgyzstan, Kazakhstan, and the Turkish Republic of Northern Cyprus (TRNC). The addition of Uzcard and Humo transfers adds to Turan’s growing suite of services and supports its mission of reducing transfer fees for international payments.
Boosting Financial Connectivity Across Turkish States
Turan’s latest offering is part of a broader goal to establish financial bridges between Turkish states. The company enables money transfers using local currencies, reducing dependence on U.S. dollar conversions and thereby contributing to regional economic stability. Turan’s founder, Özgür Bayraktar, highlighted the importance of this move:
“By enabling transfers in native currencies, we not only lower costs but also support the local economies of Turkish states. This initiative reflects our commitment to reducing dollarization in the region.”
Expanding the Digital Payment Ecosystem
Turan’s collaboration with PayPorter plays a key role in realizing this vision. PayPorter’s General Manager, İzzet Metcan, emphasized the partnership’s significance in facilitating fast, secure, and affordable money transfers:
“Through this collaboration with Turan, we can offer innovative solutions for Uzcard and Humo users in Uzbekistan. Our goal is to continuously improve customer experience and provide seamless digital payment services.”
Key Benefits of Turan’s New Transfer Features:
- 100% Digital Transfers: From Turkiye to Uzcard and Humo, with minimal fees and seamless transactions.
- Local Currency Support: Direct transfers from Turkish lira to Uzbekistan’s SOM, avoiding additional currency exchange costs.
- Financial Inclusivity: Empowering Turkish communities abroad with more accessible and affordable financial tools.
Future Growth Plans
Looking ahead, Turan has plans to extend its services to other Turkish states. By 2024, the company expects to roll out a dedicated mobile wallet for Azerbaijani users, further enhancing its cross-border payment capabilities. The ability to transfer funds from wallet to wallet between Turkiye and Azerbaijan will streamline financial operations and continue Turan’s mission of building robust financial connections across Turkish communities.
A Step Towards Financial Innovation
As fintech continues to transform traditional banking, Turan remains at the forefront of innovation in the Turkish region. This partnership with Uzcard, Humo, and PayPorter strengthens its reputation as a key player in digital financial solutions, while simultaneously supporting local economies.
In conclusion, Turan’s new transfer solution promises to significantly improve the financial experience for both individual users and businesses, offering a seamless, cost-efficient way to stay connected across borders.
Source: Egirisim / Prepared by Irem Yildiz