Fintech infrastructure providers in Turkey
9 verified providers headquartered in Turkey - across BaaS, card issuing, IBAN, payments, KYC/KYB, crypto/MiCA and cross-border/FX. Each verified at source.
9 verified providers in Turkey
BKM (Interbank Card Center, Turkey; bank-owned) - operator of the Troy domestic card scheme, the BKM Express wallet and the national card switch.
Craftgate (Turkey) - payment gateway and orchestration for merchants. Gateway technology; processing via licensed partners.
iyzico (Turkey) - leading Turkish payment gateway; EMI under the Central Bank of Turkey (TCMB); owned by PayU (Prosus).
Moka United (Istanbul) - merchant payment acceptance: virtual / physical POS, SoftPOS, digital wallets, Visa/Mastercard acceptance. BDDK payment-institution licence (2016-04-12, Law 6493) + e-money issuance approval; CBRT-supervised. Part of Turkiye Is Bankasi (Isbank) group.
Papara (Istanbul) - e-money wallet + prepaid Mastercard, mass payouts; EMI since 2016; owns Rebellion Pay (Spain EMI, EEA). RISK: Turkey central bank (CBRT/TCMB) revoked Papara licence Oct 2025 amid an illegal-betting / AML investigation; founder-CEO arrested. Spanish subsidiary separate. Proof-of-value for the Status/Risk column.
Param (Türk Elektronik Para A.S., Turkey) - Turkey's first approved e-money licensee and first non-bank BKM member; BaaS. EMI, Central Bank of Turkey (TCMB).
Paycell (Turkcell Odeme ve Elektronik Para Hizmetleri A.S., Istanbul) - mobile payments, carrier billing, POS / mobilePOS, virtual prepaid cards, wallet. BDDK payment-institution licence (2016) + e-money licence (2017); CBRT (TCMB)-supervised since 2020. Turkcell subsidiary.
PayCore (Turkey) - card-processing technology for banks and PSPs; a PCI DSS / BKM / Visa / Mastercard-certified processing centre.
Sipay (Turkey) - licensed e-money and payment entity (Central Bank of Turkey, Law 6493/5464); ~USD 200m/month and ~10% of the Turkish market.