TurkOnay provides businesses with a comprehensive payment platform that includes virtual and physical POS systems, enabling secure online and in-person transactions. Their platform also facilitates money transfers, bill payments, and currency exchange, streamlining financial operations for businesses.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face challenges in managing diverse payment methods, including online and in-person transactions, while also needing to handle money transfers, bill payments, and currency exchange efficiently. Integrating these various financial operations can be complex and costly.
Solution
TurkOnay provides a unified payment platform that streamlines financial operations for businesses. The platform offers virtual and physical POS systems to facilitate secure online and in-person card payments. Additionally, TurkOnay enables users to perform money transfers and bill payments through its mobile and web applications. As an electronic money and payment services company licensed by the Central Bank of Turkey for Open Banking, TurkOnay allows users to view balances and transaction history from other banks and initiate transfers from those accounts within the TurkOnay platform. The platform will soon offer currency exchange services.
Target Audience
TurkOnay primarily targets businesses seeking a comprehensive payment solution to manage both online and offline transactions, streamline financial operations, and offer diverse payment options to their customers.
Features
- Virtual POS for online card payments with early payment and blocked payment options
- Physical POS terminals that can be loaded with bank applications
- Open Banking capabilities to view balances and transaction history from other banks and initiate transfers
- Mobile and web applications for money transfers and bill payments
- Link-based payments, allowing merchants to generate payment links and send them via email or SMS
- Integration with TR Karekod for QR code-based payments (coming soon)
- Foreign currency exchange and international money transfer capabilities (coming soon)