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

Accely Announces Appointment of Alok Bapna, Ex DXC/CSC Leader as President

Accely has appointed sales and new business development veteran Alok Bapna as its new President . DUBAI, UAE -- ( Arab Newswire ) -- At Accely, we will align his experience in the IT industry with our business goals to achieve new milestones. We look forward to utilizing his expertise in various areas so Accely can offer clients tailored and refined business solutions. Over the years, Accely has been recognized as a trustworthy SAP consulting service for its innovative solutions. With a new leader in the senior management, we can enrich our core services such as IT, enterprise application support, and consulting services. As a result of Alok's diverse experience, Accely can expand into wholesale, retail, consumer goods, life sciences, engineering and construction, and manufacturing markets. Alok's approach to leadership will enhance Accely's ability to solve business problems and deliver high-quality results. His ability to address and resolve issues in the IT industry is ...
Post a Comment
Read more

Muralidharan Venkataraman Joins Accely as a Global Delivery and Pre-Sales Head

DUBAI, UAE -- ( Arab Newswire ) --  Accely is pleased to announce the appointment of Muralidharan Venkataraman as Global Delivery and Pre-Sales Head. We strongly believe that his experience and expertise will strengthen Accely’s sales strategy and strategic positioning, allowing it to effectively provide customers with a superior value proposition and business solutions. Accely offers comprehensive SAP consulting services using modern methodologies and innovation, resulting in a combination of cutting-edge technology and expertise. Muralidharan has over three decades of experience working with one of the world's leading management and IT consultancies on projects related to Enterprise Application, Business, and Digital Transformation engagements for key players. As a provider of both products and services, his experience and, as well as ours, can complement each other with the unique selling point of our technical expertise, project management, and problem-solving abilities....
Post a Comment
Read more

The Importance of Health Insurance

( ARAB NEWSWIRE ) -- In today's world, prioritizing one's health and well-being is more important than ever. However, unexpected medical emergencies can arise, and the associated costs can be a significant burden. Health insurance is an essential investment in both health and financial well-being. Gaining financial stability and peace of mind by realizing the importance of health insurance will help individuals be ready for unforeseen medical costs and ensure access to high-quality treatment when needed. What is Health Insurance? Health insurance is typically a contractual agreement between an individual and an insurance provider. It aids in the management of medical expenses. Individuals provide an insurance company with a regular annual premium. In exchange, if they are sick or hurt, the insurance company pays for a percentage of their medical bills. Depending on the plan, this coverage usually includes hospital stays, surgeries, doctor visits, and prescription drugs. Why He...
Post a Comment
Read more