United Payment Expands Global and Regional Operations

General

United
Payment,
a
leading
Turkish
fintech
company,
announces
a
major
milestone;
reaching
1
million
active
customers
for
its
money
transfer
services
and
doubling
its
total
transfer
volume.
In
14
years
of
significant
experience
with
payment
systems,

United
Payment has
acquired
experience,
knowledge,
and
network.
In
the
main
area
of
money
transfer,
United
Payment
has
become
a
stable,
prestigious,
and
valuable
company
in
the
hot
market,
with
the
largest
market
share.
United
Payment
collaborated
with
Wise,
TransferGo,
Dlocal,
and
Remilty,
completing
10
million
money
transfer
tasks
annually.

Despite
the
difficulties
in
transferring
money
abroad,
United
Payment
has
forged
ahead
with
its
aim
to ‘provide
customers
with
comfortable
and
convenient
ways
to
send
and
receive
money
transfers
abroad’
by
cooperating
with
industry
pioneers,
providing
transparent
exchange
rates
with
a
low
commission
fee,
and
expanding
to
91
countries
and
54
currencies.
Through
the
company’s
electronic
foreign
exchange
services,
people
can
send
money
overseas
at
low
fees,
day
and
night,
over
the
weekend,
and
during
holidays.
Users
do
not
need
a
bank
account
to
transfer
money
through
the
platform.
As
many
as
53%
of
the
transactions
are
completed
through
a
fast-transaction
service.
United
Payment
plays
a
crucial
role
in
simplifying
the
lives
of
end
consumers
by
transforming
partner
firms
into
fintech
powerhouses.
This
concept,
akin
to
an
invisible
power
that
unlocks
life,
is
embodied
in
their
logo,
an
open
lock,
symbolizing
their
ability
to
address
hidden
challenges
and
streamline
financial
processes.
With
offices
in
Turkiye,
Azerbaijan,
Georgia,
Romania,
and
the
United
Kingdom,
United
Payment
has
cemented
its
status
as
a
regional
leader,
thriving
in
some
of
the
most
demanding
markets.

According
to
a
McKinsey

report,
in
2022,
fintech
accounted
for
5%
(or
$150
billion
to
$205
billion)
of
the
global
banking
sector’s
net
revenue.
United
Payment
estimate
this
share
could
increase
to
over
$400
billion
by
2028,
representing
a
15%
annual
growth
rate
of
fintech
revenue
between
2022
and
2028,
three
times
the
overall
banking
industry’s
growth
rate
of
roughly
6%.

United
Payment
has
secured
an
e-money
license
from
the
Central
Bank
of
Azerbaijan

‘Our
first
physical
extension
to
Azerbaijan
and
our
fresh
e-money
license
is
a
grand
opening
move
in
a
global,’
the
company’s

CEO
Ilker
Sozdinler
said. ‘We
aspire
for
an
innovative
approach
in
the
region
and
to
lead
this
transformation
in
Azerbaijan.’
United
Payment’s
achievements
in
financial
technologies
include
certification
in
Open
Banking
and
approval
for
the
FAST
system,
offering
users
the
option
to
send
money
to
Easy
Addresses.
Notably,
United
Payment
has
secured
an
e-money
license
from
the
Central
Bank
of
Azerbaijan,
further
solidifying
its
regional
leadership.
This
success
can
be
attributed
to
a
strategic
focus
on
building
a
solid
core
as
a
precursor
for
expansion.
According
to
McKinsey
Fintechs:
A
New
Paradigm
of
Growth
Report,
the
first
step
in
cracking
the
growth
code
involves
focusing
on
the
local
market
and
developing
a
healthy
core
business.
Their
research
indicates
that
companies
with
a
vital
home
market
are
1.6
times
more
likely
to
generate
peer-beating
returns.

United
Payment
achieved
firsts,
pioneering
24/7
domestic
money
transfers,
launching
services
under
the
vision
of
FaaS
(Fintech
as
a
Service),
and
preparing
itself
to
be
the
first
to
benefit
from
Open
Banking
developments.

United
Payment
also
uses
AI
to
integrate
marketing,
CRM,
reporting
and
analysis.
Overall,
the
cost
cuts,
error
reductions,
and
efficiency
gains
achieved
by
United
Payment
with
its
fintech
services
have
allowed
it
to
expand
its
services
offering,
cruise
through
the
licensing
process,
obtain
key
licenses,
and
take
the
top
position
globally
in
the
fintech
market.

‘Our
investment
in
artificial
intelligence
helped
us
develop
a
new
strategy,
scale
up
the
company
better,
attract
new
talent,
foster
internal
innovation
in
the
workplace,
and
take
a
global
lead
in
the
fintech
sector.
We
will
continue
to
play
a
dominant
role
in
global
payments
with
our
transformative
innovative
approach.’
Sozdinler
concluded.

Additionally,
United
Payment
will
showcase
its
innovations
at
the
Money
20/20
Europe
conference
in
Amsterdam
from
June
4th
to
6th
at
Hall
F50.
For
more
information
about

United
Payment
and
its
services
or
to
stay
updated
on
the
latest
developments,
visit

www.unitedpayment.com.