Owned by the British Helios Investment Partners, the UAE-based payment services provider TPAY Mobile has acquired Payguru, a Turkish payment platform.
“We are proud to have carried out a successful and profitable business within 5 years through organic growth and with no external fund. We are delighted to be joining TPAY Mobile, a leading actor in the region, " CEO of Payguru, Işık Uman, said.
While emphasizing the growing fintech sector in Turkey, he added, “Turkey's advanced infrastructure on information technology, telecommunications, and the banking sector has positioned the industry as an important fintech market with participation from many global companies."
Payguru, established in 2015, offers several services, including mobile payments, ATM cash payments, and bank transfers services.