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FinancialNews
11-06-20
Global company purchases Turkish payment platform
(MENAFN)
Turkish payment platform Payguru has been purchased by TPAY Mobile, a leading digital merchant acquirer and mobile payment enabler possessed by UK-based Helios Investment Partners.
Payguru, founded in 2005, offers cash mobile payments and bank transfer services in Turkey, said a press release on Wednesday, June 10th.
According to the statement, "With this investment, both companies expect to leverage their complementary payment solutions and platforms to facilitate for merchants, the acceptance of a boarder range of alternative payment options used by consumers across the companies' markets."
The statement added that the acquisition is subject to approvals from the Turkish Central Bank and the Competition Authority.
MENAFN1106202000450000ID1100306085
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