Worldline, a global company in payment services, has become the first global online payment service provider officially authorized to accept payments from global online businesses operating in Turkiye.
Worldline, one of the global companies in payment services, has become the first global online payment service provider officially authorized to accept payments from global online businesses operating in Turkiye.
Lidio, one of Turkiye’s leading financial initiatives, is making an important development in Turkiye through its partnership with Worldline, which was authorized in this field with the official statement of the Central Bank of the Republic of Turkiye on Thursday, March 28, 2024, and brings all global businesses that currently sell to consumers in Turkiye to Turkiye.
The strategic partnership between Worldline and Lidio, which has global recognition in payments, will help global online businesses gain a competitive advantage in the developing e-commerce in Turkiye.
Emre Guzer, co-founder and CEO of Lidio, said on the subject:
“It is time to export our technology in the payments world, where Turkiye has been leading for a long time with its innovative technologies. As one of the most exciting and rapidly expanding markets, uniquely bridging the gap between Asia and Europe, we began working side by side with Worldline to facilitate and be a part of this growth. This approval from the Central Bank of the Republic of Turkiye enables our strategic partnership with Worldline to offer a problem-free solution to our customers and ensure maximum satisfaction. We are bringing all global businesses that currently sell to consumers in Turkiye to Turkiye. These businesses will be able to make transactions with the banks we work with in Turkiye. Thanks to our collaboration, we are making many payment options accessible to global businesses, from the world’s largest players to Turkiye’s payment method Troy, to our alternative wallets. Worldline and Lidio collaboration facilitates the payment acceptance process of businesses in Turkiye, optimizing payment performance by up to 25% in time, cost and approval rates, and ensures compliance with local regulations. The most important feature of this joint solution is that it also includes the acceptance of Troy cards for international businesses. Experts in the industry expect Troy card usage, which is 19 million today, to double to 40 million by the end of the year. In the second phase of this cooperation, we will mediate the businesses we are currently working with in Turkiye to make their collections from all over the world under the most favorable conditions with the relevant exchange rate and alternative payment methods.”
Worldline Head of Geographic Expansion Roman Tazetdinov said in his statement;
“We are very happy to receive this official recognition and authorization from the Central Bank of the Republic of Turkiye. With our strategic partnership with Lidio, I believe we are now in an ideal position to provide the widest possible range of international digital merchants with access to this hugely exciting market and to ensure the successful implementation of their ambitions.”
Source: Egirisim / Prepared by Irem Yildiz