Skip to main content

Türkiye is on its way to becoming a Fintech base with its young population

INSTANBUL - (ARAB NEWSWIRE) - Erkan Kork, PayFix Chairman of the Board and TÖDEB Board Member, recently discussed the developments in Türkiye's fintech sector and the future of fintech globally. He emphasized that fintech will shape many industries in the future and highlighted Türkiye's opportunities on the world fintech stage.

 

Key trends shaping the global fintech sector were identified, including the rise of digital banks, personalized financial services through AI and machine learning, increased mobile and cryptocurrency payments, compliance with regulations through "Regtech", digitization of the insurance sector, the creation of "Financial Health Platforms," global growth of fintech firms, accessibility of fintech to those outside traditional financial services, and increased investments in security and privacy.

 

Erkan Kork also focused on Türkiye's place in the global fintech sector, pointing out its progress towards becoming a regional fintech center. This is due to the young and tech-savvy population's interest in mobile banking and digital financial services, government regulations, increasing investments from both domestic and foreign investors, focus on fintech education, and Türkiye's strategic location for regional financial transactions.

 

However, to become a global fintech base, Türkiye still needs to overcome some challenges:

 

Constructive regulation that is integrative and not punitive.

Increased investment, especially in early-stage projects.

Overcoming a lack of specialized talent and workforce in the fintech field.

Addressing the lack of necessary technological infrastructure.

Educating consumers about fintech services.

Streamlining the licensing and regulatory approval processes for new fintech startups.

Enhancing communication with the international fintech ecosystem.


Despite these challenges, Kork emphasized that Türkiye is close to becoming a global fintech base and that the shortcomings can be overcome with proper support.

 

Specific shortcomings in the Turkish fintech sector were also identified, such as the early stage of digital banking concept implementation, inadequate integration with global financial systems, unclear legal framework around cryptocurrencies, and problems with information and data sharing. Kork believes that these weaknesses can turn into opportunities with the right strategies. He expressed confidence in the Turkish fintech sector's potential, emphasizing its young population and the right support and strategies could make Türkiye a fintech base. The development of this sector will be vital for Türkiye's economy.

 

www.payfix.com.tr

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

15 عامًا من الاحتفال بالنجاح: XM Arabia تتألّق في معرض الفوركس دبي 2025 GoldenGatePR   [المدينة / البلد / التاريخ] – نودّ أن نعرب عن خالص امتناننا لكلّ متداول وشريك انضمّ إلينا في معرض الفوركس دبي 2025 في 06 و07 أكتوبر، حيث حصلنا على جائزة "Best Leading Partner Program" ولكلّ من شارك في ندوتنا الحصريّة المجانيّة مع أفراميس ديسبوتيس. XM Arabia – الراعي الرسمي لحدث الفوركس الذي حاز على رقمين قياسيّين عالميّين من موسوعة غينيس بعد انتهاء معرض الفوركس دبي 2025 ونجاح ندوتنا المجانيّة، نودّ في XM،  أن نشكركم على مشاركتكم التي جعلت هذين الحدثين ناجحين. لقد تمكّننا من إضافتهما إلى لائحة الإنجازات الأساسيّة في رحلتنا التي بدأت منذ 15 عامًا وسَعت إلى ضمان التميّز. هذا العام، حظينا في XM Arabia بشرف الحصول على الجائزة المرموقة " Best Leading Partner Broker "، تقديرًا لالتزامنا المستمرّ ببناء شراكات دائمة ومكافأة الولاء الذي لا بضاهى من خلال أحد أكثر برامج الشراكة تنافسيّة في المجال المالي. خلال هذا الحدث، سررنا بلق...
Post a Comment
Read more

Dollar Cost Averaging (DCA): The Smart Crypto Investment Strategy Using Bybit’s Trading Bots

  Cape Town, South Africa — ( AfricaNewswire.net ) — Contrary to popular belief,  the bottom of the crypto market cannot be perfectly timed.  Even the most experienced investors fail at market timing. From buying high and selling low to panic-selling due to fake news and market volatility, emotions often lead investors into costly mistakes. Legendary investors like  Warren Buffett and Peter Lynch  have long discouraged market timing. Instead, they advocate for a proven long-term investment strategy known as  Dollar Cost Averaging (DCA) . Dollar Cost Averaging  (DCA)  is a long-term investment strategy in which you invest a fixed amount of money in an asset at regular intervals, regardless of market conditions. Instead of trying to time the market, DCA allows you to buy during both market highs and lows, thereby reducing the impact of volatility while lowering your average entry price over time and building wealth consis...
Post a Comment
Read more

Stablecoins Emerge as a Key Financial Hedge Against Inflation Across Africa

  BYBIT Cape Town, South Africa — ( AfricaNewswire.net ) — As inflation continues to erode purchasing power across multiple African economies, stablecoins are rapidly emerging as a critical financial tool for everyday users seeking protection against currency depreciation and financial instability. From Nigeria and Ghana to South Africa, Kenya, Ethiopia, and Zimbabwe, individuals and small businesses are increasingly turning to digital dollars such as USDT, USDC, and DAI to preserve value, facilitate cross-border payments, and maintain access to stable purchasing power amid volatile local currencies. Rising Inflation Drives Digital Dollar Adoption With inflation exceeding 30% in Nigeria, repeated currency devaluations in Kenya, and persistent instability in countries like Zimbabwe and Ghana, saving in local currency has become a high-risk strategy for millions of Africans. As a result, stablecoins, cryptocurrencies pegged to the U.S. dollar, are now wi...
Post a Comment
Read more