
Single interface
Payment service iyzi Payments has raised USD1.4m from Pachicle Invest, Beenos Asia, SpeedInvest and a number of angel investors. Istanbul-based izyi Payments was founded last year and says the investment will be used to continue expansion in Turkey.
Last year, iyzi Payments launched izyico, its first software product, which is designed for e-commerce firms and international merchants to handle financial transactions within a single interface. The business describes its software as specifically adapted to Turkey’s market .
“Integrating and handling payments is a challenge for online merchants all over the world, and there is no difference in Turkey. Our goal is to simplify handling payments for merchants, and to offer a “fast and easy” way to integrate payment methods with the check-out process while always remaining PCI-DSS compliant. “ says iyzi Payments CEO Barbaros Özbugutu
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more