Turkey's Ozan Electronic Money partners with Albaraka Turk Bank to increase digital financial inclusion

Ozan Electronic Money is spearheading the cashless society in Turkey.


Alfred Lee

25 Feb, 2021

Turkey's Ozan Electronic Money partners with Albaraka Turk Bank to increase digital financial inclusion | BEAMSTART News

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Ozan Electronic Money Turkey, which offers financial services to individual users and SMEs, has entered into a strategic cooperation with one of Turkey's largest banks, Albaraka Turk. 

With the new collaboration, Ozan SuperApp users will be able to access various financial services ranging from fractional shares, foreign exchange services, bill payments, virtual IBAN, and more.

The Ozan superapp.

Founded by Dr. Ozan Ozerk, Ozan Electronic Money Turkey is a new generation financial technology initiative, established to bring individual users together with SMEs on financial services.

Ozan Electronic Money Turkey obtained an e-money license from the Banking Regulation And Supervision Agency (BRSA) in January 2020, and is regulated by the Central Bank of Turkey (CBRT).

Ozan SuperApp services include physical and virtual debit card services, multi currency e-money accounts, domestic and international money transfer, QR code payment, local and international bill payment and purchasing game code safely and instantly. 

In addition to these consumer facing B2C services, Ozan SuperApp also provides SMEs B2B financial services such as payment accounts, FX services, Virtual POS, and Mobile POS products.

The Ozan official website.

Moving forward, the new partnership is expected to bring greater financial inclusion to Turkey's population, where many are still unbanked/underbanked.

"With Ozan SuperApp, we aim to offer our users in-house developed financial services that are run on the rails of our industry-leading business partners. Following our Visa membership that we announced last week, our strategic partnership with Insha Ventures aligns with our vision of growth through long-term partnerships."

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