Turkey’s pioneering participation finance institution Kuveyt Türk has launched the Sağlam Business Pratik Card, developed to enable businesses to use their POS turnover without waiting. Thanks to the card, which is implemented with the TROY payment infrastructure, businesses can use the amounts from single-installment POS transactions the next day without any commission deduction or waiting period (0/0). In this way, they can manage their cash flow quickly, without commission and without blocks. Moreover, there is no card issuance fee or annual membership fee.
A Practical and Secure Solution for Businesses
The Sağlam Business Pratik Card provides significant convenience especially for companies that pay for goods and services by card. While businesses can manage their payments with limits dynamically determined according to their POS turnover, they can also start using the card immediately thanks to the advantage of instant card delivery at branches. Kuveyt Türk’s new solution stands out as a practical, secure, and advantageous alternative for businesses that want to use their POS turnover without waiting and for SMEs that want to quickly convert their daily collections into cash.
Kuveyt Türk Deputy General Manager for Digital Banking and Payment Systems, Dr. Okan Acar, said:
“For businesses, not only the speed of cash flow but also how this flow is used is of great importance. With the Sağlam Business Pratik Card, we offer businesses a practical financial solution that allows them to use the turnover they obtain via POS without waiting and without incurring additional costs. Amounts generated through POS devices are automatically transferred to the business’s credit card limit the next day. By converting their POS balance into card limits and using it for expenditures, businesses both accelerate their cash flow and make their daily spending and financial planning more flexible and efficient.”
Key features of the Sağlam Business Pratik Card
- Uninterrupted spending: The amount of single-installment transactions made via POS devices is transferred to the card the next day without any deductions.
- Next-day transfer: Transactions are automatically reflected on the card the next day, eliminating waiting time.
- No card fee: No card issuance fee or annual membership fee is charged.
- Comfortable cash flow: Transferring payments to the card the next day facilitates businesses’ financial planning.
- Dynamic limit: The card limit is determined according to the business’s POS turnover and adapts to needs.
- Instant delivery: After application, the card is prepared and delivered immediately at the branch.
About Kuveyt Türk
Founded in 1989, Kuveyt Türk effectively brings its distinguished financial products and services together with savers and investors, and continues to maintain its leading position in the sector through its customer-oriented approach, technology and innovation initiatives, and the steps it has taken on the path of digital transformation. As the first participation finance institution to enter the field of gold banking, Kuveyt Türk has also carried out the world’s and Turkey’s first sustainable sukuk transaction. Awarded Turkey’s Best Employer for six consecutive years, Kuveyt Türk was also selected as Europe’s Best Employer in 2021. Today, Kuveyt Türk serves its customers throughout Turkey with 453 branches and digital channels. Under the umbrella of the Kuveyt Türk Financial Group, headquartered at Kuveyt Türk, operate Neova Katılım Sigorta, Architecht, Kuveyt Türk Portföy, Kuveyt Türk Yatırım, Körfez GYO, Katılım Emeklilik, Sağlam Financial Technologies, KT Sağlam Real Estate, and Germany-based KT Bank AG. In addition to its operational activities, Kuveyt Türk carries out significant social responsibility projects based on social values and the protection of cultural heritage. In line with its “We grow with our values” approach, it has undertaken many restoration projects, supported humanitarian aid campaigns, and produced lasting works such as books and documentaries.