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 App Becomes One of the First Platforms to Roll Out Full Saudi Stock Investment Access to Global Investors with Lifetime Zero-Brokerage Commission Trading

Riyadh, Saudi Arabia – ( ARAB NEWSWIRE ) -- Sahm App, a CMA-regulated trading platform, today announced the launch of its Saudi stock investment services for retail investors worldwide, expanding international access to the Saudi capital market through a single, unified platform. The launch f ollows the Capital Market Authority's (CMA) announcement on 6 January 2026 to open the Saudi capital market to a ll categories of foreign investors, effective from 1 February 2026. Building on this regulatory milestone, Sahm App is among the first platforms to fully support onboarding for global investors, enabling eligible individuals worldwide to directly access Saudi-listed securities. Through Sahm App, international investors can invest in a broad range of Saudi market products, including listed equities, exchange-traded funds (ETFs), and real estate investment trusts (REITs). The expanded global access is designed to provide investors with an additional market option to di...
Post a Comment
Read more

Gemaee Opens First Phygital, Authenticated Resale Store in Dubai

      DUBAI, UAE – ( ARAB NEWSWIRE ) – Gemaee, a licensed retailer of pre-owned luxury goods, is opening a "phygital" store in Jumeirah's First Avenue Mall. The move brings a new level of accountability to Dubai's US$3.5 billion secondary luxury market, which has until now been characterized by a fragmented online landscape.  The store combines a physical boutique for in-person inspections with a digital platform that shows real-time inventory. It offers a structured alternative to the anonymous online marketplaces and social media resellers where buyers may have limited recourse. "The demand for pre-owned luxury in the region has always been strong, but the market was missing a layer of trust and transparency," says Safiya Mehbaliyeva, CEO of Gemaee. "We established Gemaee to provide that infrastructure. Our new store is more than just a retail space; it's our commitment to accountability and a trusted experience for luxur...
Post a Comment
Read more