2 days ago
RTGS.global welcomes Turkey's PayPorter as participant
is pleased to announce that PayPorter, one of Turkey's most prominent and trusted money transfer operators, has joined its global network as a Participant and designated Funds Controller for the Turkish Lira (TRY).
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This strategic collaboration marks a significant step in the expansion of real-time cross-border settlement ecosystem. With operations spanning over 185 countries, PayPorter is a key player in Turkey's cross-border payments landscape. Its adoption of cutting-edge platform demonstrates a shared commitment to transforming international payments through a digital-first infrastructure that is built for the future.
As a Funds Controller, PayPorter will oversee liquidity and settlement for Turkish Lira on the network in a role that enables both domestic and international participants to engage in transactions with Turkey through a single, trusted counterparty. In doing so, this will help to eliminate the inefficiencies of legacy clearing processes and reducing reliance on intermediaries.
The partnership will unlock new, instant currency corridors between Turkey, the United Kingdom, the Eurozone, and Central Asia. By leveraging real-time, asset-agnostic settlement capabilities, PayPorter will be able to offer customers and partners unprecedented speed, transparency, and efficiency in cross-border transactions.
Marcus Treacher, Executive Chair at commented: 'We are delighted to welcome PayPorter into the network. Their leadership in the Turkish payments sector and commitment to innovation make them an ideal partner. By joining as both a Participant and Funds Controller for Turkish Lira, PayPorter is not only enhancing its own service offering but also enabling a stronger, more connected financial ecosystem in the region. This is a powerful validation of our model, and we look forward to deepening our collaboration as we scale globally.'
Speaking on behalf of PayPorter, General Manager and Board Member, Mr. Izzet Metcan, added: 'This strategic collaboration with marks an important step forward in PayPorter's global vision and digital infrastructure capabilities. By facilitating the Turkish Lira's integration into international payment systems, we will deliver faster, more transparent, and direct solutions for our customers.'
The addition of PayPorter reinforces mission to reduce friction and connect financial institutions through one simple integration that enables them to trade, pay, and settle directly, 24 hours per day, seven days a week, 365 days a year.
