SağlamPay Obtains Operating License: SağlamPay, Kuveyt Türk’s Payment Systems Subsidiary, Successfully Completes the Licensing Process of the Central Bank of the Republic of Türkiye
Kuveyt Türk’s subsidiary in payment systems and financial technologies, Sağlam Ödeme ve Elektronik Para Hizmetleri A.Ş. (SağlamPay), has obtained the official operating license granted by the Central Bank of the Republic of Türkiye (CBRT), becoming ready to serve as the first electronic money institution in the participation finance sector. SağlamPay has been authorized by the CBRT with a broad-scope operating license within the framework of payment and electronic money institution activities.
Having obtained its official operating license, SağlamPay is preparing to meet users in the field of payment systems by offering innovative solutions for the financial needs of individuals and businesses under one roof.
“We are carrying the principles and values of participation finance into the digital future”
Ufuk Uyan, CEO of Kuveyt Türk, said the following regarding the operating license: “In line with our vision of developing innovative solutions in participation finance, we have passed another important milestone. We are now bringing Kuveyt Türk’s experience in the participation finance sector and the trust it has built among our customers together with next-generation financial technologies in the field of payment systems. We aim to provide 360-degree service in the areas our customers need. SağlamPay, which has joined our service network, will further expand the services we offer to our customers. With our new-generation credit card Sağlam Kart, our Miles&Smiles Kuveyt Türk cards launched in cooperation with Turkish Airlines, and our smartphone-based payment acceptance solution CebimPOS, we have established a strong infrastructure in payment systems through practices that make a difference in the sector. With our new subsidiary SağlamPay obtaining an operating license from the CBRT, we are taking this vision to a new level with an independent and dynamic financial technology structure. SağlamPay will combine the world of trust and values of participation finance with the speed and simplicity of digital payment systems. Our goal is both to become the strongest business partner of our enterprises on their digitalization journey and to offer secure, simple, and accessible financial solutions to the lives of individual users. The establishment of our new subsidiary is an indication of Kuveyt Türk Finance Group’s innovative and customer-oriented approach. With this step, the products and services offered by Kuveyt Türk Finance Group will expand further. We will continue to provide our customers with holistic financial solutions. I hope it will be beneficial for our sector and our country.”
Trust, technology and experience together
Aiming to bring a fresh perspective to the digital payment ecosystem with its strong technological infrastructure and broad product and service portfolio, SağlamPay will offer secure, fast, and easily accessible financial services with a structure focused on user experience. With its “Familiar Ease” approach, SağlamPay will enable both individual users and businesses to carry out their financial transactions in a more practical and efficient manner. Drawing on Kuveyt Türk’s deep-rooted banking experience and strong technological infrastructure, SağlamPay aims to offer its users not only innovative products, but also transparent and accessible financial solutions through the trust-oriented approach of participation finance.