Turkey’s domestic digital wallet PeP has partnered with Visa to offer secure and innovative financial solutions for cross-border payments providing competitive currency exchange rates and free ATM cash withdrawals abroad. All services will be available to individual and business customers. PeP accounts will be able to send and receive money to/from UK and EU bank accounts instantly.
PeP has partnered with Visa to provide PeP Visa cardholders competitive exchange rates for online and face-to-face purchases. PeP cardholders will also benefit from using ATMs abroad without commissions.
Speaking at the PeP launch media event, Paladyum Electronic Money and Payment Services, PeP, Artun Kumrulu said:“Our Visa prepaid cards aim at providing advantageous exchange rates for both commercial and individual crossborder spend. We target individuals travelling for business or leisure, international students, individuals and companies making or receiving payments from abroad. With our virtual IBAN and money transfer services, our customers will for example, enjoy cost-efficient and fast transfers. Kumrulu also noted that PeP has issued 500k prepaid cards in Turkey to individuals and business clients in 2019 and said that they would continue to bring innovative products to address the needs of these segments in collaboration with Visa.
Visa operates a network of trust and enables international payments
Visa’s Turkey General Manager Merve Tezel said: “Fintechs all around the world offer new products and services that responds to consumers’ niche expectations and make their lives easier. PEP’s creative and consumer-friendly value proposition responds to the consumers’ expectation of receiving a digital, transparent and simple crossborder payments experience Thanks to our cooperation with PeP, we enable PeP cardholders to realise convenient and cost-effective crossborder payments through our global network connecting billions of cardholders in 200 countries to 54M merchant locations and 2.7M ATMs. We are pleased to be part of this solution that corresponds to our vision of integrating advanced technology into everyday life and offering a seamless payments experience to consumers. ”
Card PIN renewed after each transaction time for greater securityPeP offers card payments, money transfers, utility payments and card processing. It also provides invisible payments over 1500+ petrol stations and discounts in fuel purchases in Turkey. PeP cards also offer a new and secure customer experience providing a one-time Card PIN and virtual card for every online transaction, eliminating the risks that may arise from unauthorized access to the card number or PIN. Furthermore, PeP also offers “money request” features to facilitate C2C commerce.
The Payments Association
St Clement’s House
27 Clements Lane
London EC4N 7AE
© Copyright 2024 The Payments Association. All Rights Reserved. The Payments Association is the trading name of Emerging Payments Ventures Limited.
Emerging Ventures Limited t/a The Payments Association; Registered in England and Wales, Company Number 06672728; VAT no. 938829859; Registered office address St. Clement’s House, 27 Clements Lane, London, England, EC4N 7AE.
Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.
We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.
Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.
Please click the button below which relates to the issue you’re having.
Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association
Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.
For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.
The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.
Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.
Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.
For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.
