United Payments, Turkey’s leading FinTech company, started to provide infrastructure services for international money transfers to Azerbaijan. Conveying its strength and experience in Turkey to abroad, Birlede Payment will make international money transfers to Azerbaijan instantly and without commission to all cards. The company, which is preparing to commission technologies such as virtual POS and smart safe solutions in Azerbaijan in 2023, will enable its global business partners to enter the market.
With its innovative FinTech solutions, one of the first electronic money companies in Turkey, Birleşik Odeme, has also brought its international money transfer service to Azerbaijan. Continuing its activities within the scope of its vision to become the leading FinTech in the region, Birledir Payment makes money transfers to Azerbaijan from Turkey instantly and without commission.
‘We are the first company to provide commission-free money transfer infrastructure’
Indicating that there is a strong bond between Turkey and Azerbaijan, the CEO of United Payments, İlker Sözdinler, said, “As Birlede Payment, we started our international expansion with Azerbaijan about 1.5 years ago. We aimed to carry the strong bond between the two countries even further with the financial technologies we developed. We have completed our licensing processes by making the necessary applications. Currently, as Joint Payment, we are the first company to provide commission-free money transfer infrastructure from Turkey to all cards in Azerbaijan. We offer users in Azerbaijan the opportunity to transfer money 24/7, without waiting, within seconds and without commission to all cards. With our experienced team, we also provide infrastructure services for Turkish enterprises such as Turan, of which we are an investor, and support the success of startups abroad. In the coming days, we will continue our presence in the market with our other products such as smart safes and virtual POS; We will also ensure that our global business partners open up to Azerbaijan. The most important factor of our success is that we conduct our operation here with Azerbaijan Country Manager Edgar F. Abdullayev, who is well-versed in the field of banking and financial technologies and is experienced in the country’s market dynamics.”
‘We dominate 10% of the market with the technology we offer’
United Payment Azerbaijan Country Manager Edgar F. Abdullayev said: “We have many citizens who leave their families in Azerbaijan and go to Turkey to work. Likewise, there are many families whose children study in Turkey. Citizens want to transfer money to their families or children when needed. They also have to pay a high amount of commission for the transfer. Thanks to our strong connections with the banks in Azerbaijan, our cooperation with Azintelecom, which has the most technological and powerful data center infrastructure in the country, and our secure and high-tech infrastructure with Tier III certification, money transfer in Azerbaijan is 7 days a week, regardless of after-hours or on the weekend. /24 became feasible. Currently, we dominate 10 percent of the market thanks to the combined technology infrastructure.”
