Payment system initiatives “fit like a glove”
Sezgin, who currently heads up payment systems at Turkish bank Garanti, will report to Jose Maria Garcia Meyer-Dohner, BBVA’s head of global retail and business banking (view press release). According to BBVA, Garanti is one of the world’s most advanced banks with regards to payment systems; the appointment is aimed at accelerating the addition of new payment applications to BBVA’s worldwide markets. Sezgin will remain as co-chairman of Garanti Payment Systems and will be based in Istanbul. Prior to joining Garanti in 1999 to form Garanti Payment Systems, Sezgin was general manager of MasterCard Eurasia for 7 years.
Speaking of its relationship with BBVA, Meyer-Dohner said Garanti’s payment system initiatives “fit like a glove.” Following his appointment, Mehmet Sezgin commented that the industry “is transforming itself around prepaid, contactless and mobile industries. I am very excited to be part of this transformation in a global powerhouse like BBVA.”
In 2011, BBVA acquired a 25% stake of Garanti bank for EUR4.2 billion – the Spanish bank now co-manages the bank with its partner the Dogus Group.
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