Concardis enables merchants fast and simple processing of payments in Turkey
Partnership with Turkish payment services provider lyzico expands the international portfolio of the Eschborn-based payment specialist
‘Through the partnership with lyzico, Concardis is expanding its portfolio of international services. German-speaking Europe and the Turkish market are closely connected, which makes it all the more important for companies to operate across borders when it comes to payments and to account for local standard payment methods of the various markets in their international strategies. And we support our customers in doing this, too,’ says Marcus W. Mosen, CEO of Concardis.
The Turkish retail segment has been recording growth for years now, especially in e-commerce. According to the Turkish Interbank Card Center (BKM), 68 billion Turkish lira were spent online in 2016, equivalent to 17.5 billion euros. ‘Digitisation and the development of e-commerce are changing the Turkish retail market as well. The population, which is very young compared to other European countries, is digitally connected, compares prices online and buys from the best provider. This enables international merchants to also position themselves in Turkey in the e-commerce segment. Offering the right payment options is an important part of this,’ says Barbaros Özbugutu, Co-Founder and CEO of lyzico.
The Turkish payment market is fragmented and represents a challenge for international merchants and payment services providers in equal measure. Consumers in Turkey primarily use credit and debit cards for making payments, and the card transactions are processed exclusively by local banks. Payment services providers are therefore reliant upon a direct connection to the various Turkish banks. Locally, payment services provider lyzico makes it possible to quickly and easily process payments. Concardis manages the connection to the Turkish payment network and ensures seamless processes. This partnership will be expanded in future. Plans include the direct integration of Turkish payment options into the e-commerce platform of Concardis.
iyzico is a payment company for online businesses and enterprises, particularly e-commerce platforms. iyzico’s payment system is easy to integrate, provides fast onboarding in less than 24 hours, PCI-DSS and BRSA (Banking Regulation and Supervision Agency) certified to ensure maximum security. It offers online businesses and enterprises the ability to collect payments in their local currency through installments. Founded in 2013, iyzico has over 10.000 live merchants and 200.000 seller accounts under marketplaces and is the fastest growing financial technology company in the region.
Concardis is the leading full-service payment provider in German-speaking Europe. Concardis acts as a consultant and point of contact for some 116,000 customers - with more than 470,000 connected terminals - to answer all of their questions regarding payment. The company ensures seamless processes at the point of sale with its fast and convenient payment processes. With innovative solutions in e-commerce and m-commerce as well as for bricks-and-mortar shops, Concardis helps its customers realise sales across all channels and beyond national borders, thereby allowing them to profit from growing international retail. The payment services provider constantly works to increase added value for merchants and consumers when it comes to payment through the expansion of its services and the integration of complementary products and services. Thanks to its many years of experience, its close bonds to retail and in-depth knowledge of the payment market, Concardis is a sought-after partner and trailblazer for new payment products.