Ozan Electronic Money continued its strong growth in 2023 into the new year, with impressive results announced for the first quarter of 2024. The forward-thinking fintech formed new partnerships and introduced innovative financial services and payment products, as a result of which its transaction volume increased by ten times in Q1 2024 versus the same period in 2023.
Ozan Elektronik Para (Ozan Electronic Money) continues to expand through new payment services and strategic partnerships for individual and commercial payment needs. The firm stood out with successful new products like the Fiji line, which combines physical and digital payment services at points of sale, and Merchant Wallet, an advanced yet easy-to-use digital wallet program employed by thousands of SMEs across Turkey now. Ozan recently teamed with Verifone to offer Eko Kasa POS (Cashier's POS), which is now a popular choice among Turkish retailers. Another significant development was the company's announcement in early 2024 that it had joined Mastercard's Engage Partner Program.
CEO Omer Suner: Improve Accessibility, Transparency, and Usability
Omer Suner, CEO of Ozan Elektronik Para (ozan.com), said they had gained good momentum in the first quarter of 2024, stating, "We performed remarkably in Q1, realising 10-fold growth versus the same period last year. We've been lucky to join forces with fantastic partners to pioneer new user-friendly payment solutions that address the real needs of businesses and consumers. We’re happy to see the positive response from merchants; it shows we're on the right track with making payments easier.
We challenge not only conventional finance but also the common fintech practices invented a decade ago. Our payment solutions allow businesses to provide customers with a modern and contemporary shopping experience, comply with industry regulations, and help with the financial transformation process. The ultimate goal is to use digital technologies to improve the accessibility, transparency, and usability of financial services. Both technology and markets are rapidly changing, and we must follow suit.
Understanding our clients' needs and market demands is vital to product development. In the coming months, we intend to develop tools that will assist exporters in improving their ability to make and receive global payments more efficiently, providing them with a competitive advantage. Our development pipeline includes new invoice financing and commercial credit products through bank partnerships. Ozan will continue to provide innovative, cost-effective payment solutions to businesses in various industries. We wish to solve today's obstacles and explore tomorrow's possibilities.”
Dr Ozan Ozerk: The Dynamic Turkish Market Fostered Ozan’s Global Expansion
Ozan Elektronik Para Founder Dr Ozan Ozerk explained how the company’s service philosophy is the driver of its plans for global growth: "At Ozan Elektronik Para, we start by understanding the distinct needs of businesses and consumers to design tailored solutions. The dynamic Turkish market has fostered Ozan to offer a diverse range of payment solutions, which has laid a good foundation for global expansion.
We are extending our partnerships worldwide to establish Ozan as a trusted and accessible financial solutions partner for our existing and future clients. Joining the Mastercard Engage Partner Program signifies our commitment to widening our international presence through innovation and technological advances. These efforts are instrumental, as we plan to make our services available across the UK, Europe, and the United States soon.”
About Ozan Elektronik Para (EMI – Ozan Electronic Money Institution):
Ozan Elektronik Para is an electronic money institution in Turkey with licenses and memberships from Visa, Mastercard, UnionPay, BKM, and Troy. Its Ozan SuperApp/Ozan SuperCard products provide individual financial solutions to end-users. Meanwhile, Ozan Business products address all the payment and collection needs of medium and large-scale businesses and ventures. Ozan Elektronik Para offers innovative solutions such as FijiPOS, FijiCash, and FijiPlace, QR payments, link payments, virtual and physical POS, payment gateway, and dealer collections. Ozan Elektronik Para operates in Turkey under Law No. 6493 and holds an ‘acquiring license’ as per Law No. 5464.
Media Contact
Company Name: OZAN Electronic Money Institution
Contact Person: Gizem Lalli
Email: Send Email
Country: Turkey
Website: https://www.ozan.com/
