Skip to main content

Türkiye Signs Cooperation Agreements in the Fintech Sector with Gulf Countries


Payfix management Board Members with Minister of Finance of Turkiye Mehmet Simsek

 

INSTANBUL – (ARAB NEWSWIRE) - Türkiye boosts fintech collaboration with Gulf countries through signed agreements during visits to Saudi Arabia, Qatar, and the UAE, aiming to strengthen bilateral relations and establish itself as a fintech hub.

In these visits to Saudi Arabia, Qatar, and the UAE, Türkiye signed 18 agreements and a joint declaration covering various areas, including investment, industry, healthcare, renewable energy, and the space industry. Private sector representatives assessed Gulf countries' investment and cooperation opportunities. Contacts were also established in the fintech sector. Erkan Kork, Chairman of PayFix stated, "Türkiye has a goal of becoming a fintech hub. Just like in many other sectors, Türkiye can also become a hub for Gulf countries in the fintech field."

Erdoğan's Gulf tour enhances trade and investment cooperation. Over 200 Turkish business delegates attended meetings in Abu Dhabi, Jeddah, and Doha, coinciding with Türkiye's currency attraction efforts and Gulf countries investment diversification goals.

 

50.7 billion dollars agreement between Türkiye and UAE

During Erdogan's visit, which encompassed Saudi Arabia, Qatar, and the UAE, agreements and a joint declaration were signed in various fields, including investment, industry, defense, healthcare, renewable energy, and the space industry, totaling 18 agreements. The most remarkable one was the $50.7 billion agreement signed between Türkiye and the United Arab Emirates during President Erdogan's meeting with UAE's President, Sheikh Mohammed Bin Zayed Al Nahyan.

 

Türkiye Could Become Fintech Hub in Gulf

Important representatives of the business community also welcomed Erdogan's Gulf visit with satisfaction. Erkan Kork, Chairman of PayFix, stated that with the visit of President Recep Tayyip Erdoğan, a prime period has been experienced in relations with Saudi Arabia, Qatar and the UAE. He said, "We had significant discussions in the fintech sector. There is a strong desire to invest in Türkiye. During this process, our Investment Office President, Burak Dağlıoğlu, is making tremendous efforts to attract investments to Türkiye, and we are grateful to them. We had crucial discussions in the financial technology sector. Türkiye is truly a land of opportunities. As our President mentioned, Türkiye aims to become a fintech hub. Türkiye can potentially be a hub for Gulf countries in the fintech field, just like it's in many other sectors."

About PayFix
PayFix was established as the next generation payment platform of the digital age to provide financial services to both individual and corporate customers. PayFix aims at delivering every financial technology solution it produces to those people and institutions that need it by following the financial technologies and innovations. For this purpose, it continues to take strong and important steps with an innovative, young and dynamic staff. PayFix operates as a Payment Institution with a License granted by the Banking Regulation and Supervision Agency within the scope of Law No. 6493.  


For more information, go to https://www.payfix.com.tr.

 

Media Contact:

Erkan Kork -
+90 532 204 99 21

This press release is issued through Arab Newswire (www.arabnewswire.com) – a newswire service for Arab World, Middle East and North Africa (MENA), and it is distributed by EmailWire™ (www.emailwire.com) – the global newswire service that provides Press release distribution with guaranteed results™.

 

Comments

Post a Comment

Popular posts from this blog

Papio Establishes Qatari Subsidiary to Accelerate Industrial AI-Driven Digital Transformation in the Gulf Region

  Doha, Qatar – ( ARAB NEWSWIRE ) — Following its participation at Web Summit Doha, Papio , a global industrial analytics and AI company, today announced the establishment of its Qatari subsidiary through the Qatar Financial Centre (QFC). The new entity will serve customers across Qatar and the wider Gulf region. This marks a major milestone in Papio's global expansion and underscores its long-term commitment to helping industrial organizations build reliable data foundations and translate digital transformation strategies into practical results—delivering measurable improvements in performance, safety, compliance and efficiency across the region. "Papio ensures that digital initiatives translate into measurable business outcomes, sustainable operations, and long-term resilience," said Steven Jansen, Founder and CEO. "The company's Qatari subsidiary will serve as the regional capability center for industrial AI & analytics. Drawing...
Post a Comment
Read more

Sahm Investment Strategy Summit Panel Discusses Saudi Arabia’s 2026 Investment Outlook

Riyadh, KSA -- ( ARAB NEWSWIRE ) — As Saudi Arabia's capital markets continue to evolve, investors are increasingly focused on how regulation, innovation and workforce development will shape opportunities in the years ahead. These themes were explored at the Sahm Investment Strategy Summit 2026  in Riyadh, hosted by Sahm Capital, where a dedicated panel examined Saudi Arabia's investment outlook for 2026 and the key factors influencing capital allocation and long-term market development.  The panel brought together leaders from the regulatory, private equity and financial education sectors to discuss how macro conditions, innovation ecosystems and human capital are converging to shape the next phase of growth. The session was moderated by Huma Ejaz, Vice President of Advisory and Asset Management at Sahm Capital.  Opening the discussion, Niaz Ahmad, Executive Director at ewpartners, highlighted Saudi Arabia's macroeconomic stability and ongoing mar...
Post a Comment
Read more

Sahm Marks Second Anniversary with Grand Giveback Celebrating Investor Growth

Riyadh – ( ARAB NEWSWIRE ) -- Sahm Capital is marking its second anniversary with a two-month promotional campaign that rewards investor participation and reflects the company's rapid growth in Saudi Arabia's evolving capital markets. The campaign features weekly cash prize draws, exclusive incentives for new customers, and enhanced referral rewards, underscoring Sahm's commitment to long-term value creation for retail investors in the Kingdom. Running from January 5 to March 1, 2026 , the Sahm Second Anniversary Grand Giveaway  offers  participants the opportunity to win weekly cash prizes of up to SAR 27,777, alongside additional rewards including smartphones and trading incentives. As part of the campaign, Sahm is hosting a weekly lucky draw  with three winners selected each week: a first prize of SAR 27,777 in cash , a second prize of SAR 17,777 in cash , and a third prize of an iPhone 17 Pro Max . Customers may earn multiple entries througho...
Post a Comment
Read more