İşbank joins forces with PPRO Group to advance Cross Border e-Commerce
- 24.02.2017 07:30 am
İşbank is the first bank in Turkey to offer its customers 13 local alternative payment methods. İşbank, the biggest private bank in Turkey and provider of PSP services, is partnering with cross border e-payment specialist, PPRO Group. The partnership enables İşbank to offer e-commerce merchants 13 local alternative payment methods worldwide.
Established in 1924 as Turkey’s first national bank, İşbank can now extend access to real-time online-banking payment methods and e-wallets in more than 25 countries in Europe, Asia and Latin America to their merchants looking to enter leading and emerging e-commerce markets in the world.
“The digital revolution is transforming consumer behaviour and we needed to take steps to meet their changing needs. İşbank is the first bank in Turkey to offer our merchants alternative payment schemes as well as card payments. This means that our merchants can now use all kinds of international and local payment methods in a secure, easy and fast way. With this partnership we are opening the gates to secure e-commerce for our merchants which will help to boost Turkey’s export figures. ” says İşbank’s Deputy CEO Mr. Yalçın Sezen.
PPRO Group’s CEO, Simon Black comments on the partnership; “We’re delighted to be working with İşbank which is now paving the way for online merchants to boost their profits in new global markets by enabling them to offer a wealth of local payment methods. Embarking on international e-commerce can seem a daunting prospect for merchants, but with PPRO’s support those merchants working with İşbank can confidently and securely integrate with key global markets and increase their sales volume.”
PPRO offers all acquiring services for a multitude of international alternative payment methods across more than 100 countries. Under one contract, through one single integration and one platform, PPRO processes, collects, reconciles, consolidates and pays out all payments for PSPs’ and acquirers’ merchants.
Cross-border e-payment specialist, PPRO Group, (PPRO) removes the complexity of international e-commerce payments by acquiring, collecting and processing an extensive range of alternative payments methods for PSPs under one contract, through one platform and one single integration. PPRO’s platform supports international payment methods across more than 190 countries, allowing merchants to expand their e-commerce reach, arrange hassle-free collection and achieve higher conversion rates.
PPRO also issues Visa and MasterCard consumer prepaid cards, under its own brand name VIABUY, and enables B2B prepaid cards, under its CROSSCARD brand, which can be issued both physically (as vouchers) and as virtual cards or NFC devices (as stickers).
Founded in 2006 and headquartered in London, PPRO is an EU-certified financial institute with an e-money license issued by the British regulatory body FCA.
With its solid capital base reinforced by sustained profitability, İşbank is the largest private bank in Turkey in terms of shareholders’ equity, which amounted to TL 36 billion (€ 9.9 billion) as of 2016 year-end. Isbank also ranks first in terms of total assets, total loans and total deposits among privately owned banks in Turkey. İşbank posted TL 4.7 billion (€ 1.3 billion) net profit in 2016 and the Bank’s capital adequacy ratio stood at 15.17% at the end of the same period. İşbank ranked in the 109th place in “The Banker” magazine’s “Top 1000 World Banks” in 2016 according to Tier-1 capital, sustaining its position ahead of other Turkish Banks.