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July 24, 2019

Turkish payment platform ininal to issue prepaid Visa cards

Turkish payment platform ininal has entered into a new partnership to issue prepaid Visa cards to its three million customers.

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All the existing customers of the payment platform can also convert their prepaid cards to Visa prepaid cards.

Customers of ininal can use the redesigned cards for online as well as in-store purchases globally at any merchant who accept Visa.

Additionally, they can use the Visa prepaid cards to withdraw cash from Visa accepting ATMs globally.

ininal CEO Ömer Suner said: “Through our partnership with Visa, we have enhanced the capabilities of the product we offer to our cardholders and made basic financial services more accessible to everyone.

“In this product relaunch, we have added a cash withdrawal feature that our cardholders were awaiting for a long time.

“We are proud to issue our cards under our own Visa BIN and provide all the security and worldwide reach of Visa to our cardholders.”

Initially, ininal card users can procure their new Visa prepaid cards through more than 10,000 sales points in Turkey.

Suner added: “Earlier this year, we had introduced bill payment capabilities through our ininal Wallet.

“Going forward, we plan to diversify the basic banking services we offer and add a 24/7 money transfer capability to our product features.”

Earlier this month, US-based outdoor sporting goods retailer Sportsman’s Warehouse announced the launch of Visa credit card.

Furthermore, Japan’s LINE Pay partnered Orient (Orico) to issue a Visa credit card.

Free Report
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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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