İşbank in cross-border payments deal

Turkey’s İşbank has announced a new partnership which will allow the bank to offer e-commerce merchants 13 local alternative payment methods worldwide.

Under the agreement with e-payment firm PPRO Group, İşbank can now extend access to real-time online-banking payment methods and e-wallets in more than 25 countries in Europe, Asia and Latin America to their merchants looking to enter leading and emerging e-commerce global markets.

Yalçın Sezen, İşbank’s deputy CEO, said: “The digital revolution is transforming consumer behaviour and we needed to take steps to meet their changing needs. İşbank is the first bank in Turkey to offer our merchants alternative payment schemes as well as card payments.

“This means that our merchants can now use all kinds of international and local payment methods in a secure, easy and fast way. With this partnership we are opening the gates to secure e-commerce for our merchants which will help to boost Turkey’s export figures.”

Simon Black, CEO of PPRO Group, added: “We’re delighted to be working with İşbank which is now paving the way for online merchants to boost their profits in new global markets by enabling them to offer a wealth of local payment methods. Embarking on international e-commerce can seem a daunting prospect for merchants, but with PPRO’s support those merchants working with İşbank can confidently and securely integrate with key global markets and increase their sales volume.”

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