A Milestone Partnership with Ozan and Verifone to Empower Businesses

Ozan and Verifone forge a collaboration for the financial processes at payment terminals used by businesses in Turkey. The Verifone Eko Kasa POS terminal has no latency and minimal downtime and is highly dependable. The partnership combines Ozan’s innovative acquiring solutions with Verifone’s smart payment technologies, presenting businesses with a faster, safer, and more profitable payment collection and invoicing alternative in Verifone Eko Kasa POS.

Verifone Eko Kasa POS combines the strengths of Ozan and Verifone to deliver a better, faster payment experience to businesses and their customers. Ozan’s acquiring infrastructure enables secure, dependable, instant processing and rapid settlement, while the terminal embodies Verifone’s smart payment technology.

Ozan Elektronik Para (Ozan Electronic Money Institution) is the fastest-growing EMI and a pioneer of smart payment solutions and technology in the Turkish fintech landscape. Ozan Elektronik Para kicked off its operations in Turkey in 2020 and rapidly became a key payment solutions provider in the Turkish market. Their rise is largely through their commitment to delivering innovative financial solutions built on cutting-edge payment technologies and strategic partnerships. The EMI is also one of the few e-money institutions in Turkey to hold an acquiring license.


Use of Payment Terminals in Turkey

In Turkey, brick-and-mortar businesses heavily rely on all-in-one terminals for payment collection and instant receipts. In the past decade, the acquiring service on such terminals has been almost exclusively carried out by banks. The banks’ offer typically comes with older, slower, unreliable terminals, inefficient infrastructure and software. Businesses have to face dependability issues, and hefty commissions and fees.

Verifone Eko Kasa POS stands out as the new, reliable and economical choice for businesses and is likely to lead to an inflexion in merchants’ payment collection. With Verifone Eko Kasa POS, payment processes are faster, more secure, and more efficient.


Founder Dr. Ozan Ozerk Focuses on Customer-Centric Transformation

The founder of Ozan Elektronik Para, Dr. Ozan Ozerk, emphasised their company’s constant focus on the needs of businesses and industries when developing new solutions. In his statement, he commented, “We try and go beyond the typical financial services but strive to understand specific needs of businesses we serve and provide them with the best service possible. We look to build on our strengths, and deliver products and services through a solution-oriented approach and with strategic partnerships such as the one we have with Verifone.”


Omer Suner Reflects on Their Fast and Secure Payment Processes

Omer Suner, CEO of Ozan Elektronik Para reflected on their aim for making financial solutions more accessible. He stated, “This strategic collaboration with Verifone, enables us to offer an innovative, flexible, and profitable payment solution to a wide range of businesses. We needed to make a difference in payment collection for businesses and place a faster, more affordable, and more profitable solution on the offer. Verifone Eko Kasa POS will significantly enhance the customer experience, driving transformation in the industry. Our overall success lies in making the financial world more accessible through the speed, security, and efficiency we provide to our customers and we consider the Verifone Eko Kasa POS project as a significant milestone for Ozan Elektronik Para.”

Ozgür Ozvardar, Vice President and General Manager responsible for Turkey and the MENA region at Verifone, stated, “With our extensive global and local experience spanning many years, Verifone continues to provide payment and trade solutions to leading brands in the retail sector, major financial institutions, and over 600,000 businesses. This collaboration, bringing together Verifone’s international and local experience and Ozan’s innovative vision, surpasses our customers’ expectations in payment processes. Our goal is to increase efficiency and accelerate transformation in the industry by offering safer, faster, and smarter payment solutions to consumers and businesses. We continue to progress with determination for the success of all our stakeholders on this journey.”


About Ozan Elektronik Para (EMI – Ozan Electronic Money Institution):

Ozan Elektronik Para is an electronic money institution in Turkey with licenses and memberships from Visa, Mastercard, UnionPay, BKM, and Troy. Its Ozan SuperApp/SuperCard products provide individual financial solutions to end-users. Meanwhile, Ozan Business products address all payment and collection needs of medium and large-scale businesses and ventures. Ozan Elektronik Para offers innovative solutions such as FijiPOS, FijiCash, and FijiPlace, QR payments, link payments, virtual and physical POS, payment gateway, and dealer collections. Ozan Elektronik Para operates in Turkey under Law No. 6493 and is authorised to make agreements with member businesses as per Law No. 5464.


About Verifone:

Verifone is the payments architect shaping ecosystems for online and in-person commerce experiences, including everything businesses need – from secure payment devices to eCommerce tools, acquiring services, advanced business insights, and much more. As a global FinTech leader, Verifone powers omni-commerce growth for companies in over 165 countries and is trusted by the world’s best-known brands, small businesses, and major financial institutions. The Verifone platform is built on a four-decade history of innovation and uncompromised security, annually managing more than 14B transactions worth over $450B on physical and digital channels. Learn more at https://www.verifone.com/tr/tk


For More Information:

Brandfocus / Sinem Uyanik / +90 544 818 07 11 / [email protected]

About Lisa Baker, Editor 2308 Articles
Lisa Baker is the Editor of Always Finance, and writes about Business, Finance Technology and Healthcare. Lisa is also the owner of Need to See IT Publishing.