Middle East’s most innovative payment method is being developed in Turkey
In 1st Badeer Business World and Investment Opportunities Summit, investors from the Middle East and Africa region had an intense interest in blockchain-based payment system was developed by MenaPay team. MenaPay, QR code mobile infrastructure provides a maximum speed as 5 seconds for each transaction while registering records on the blockchain. It’s far faster than traditional credit card methods.
Our Board Member Barış Özistek, CEO Of Netmarble, mentioned about business development process ‘’Moving your technology venture project to global pitch is more possible in Turkey, because it fits the rule of Hometown. In Turkey, there is a ready market for those who want to conduct business, 65% of the high proportion of young people are using smartphones.”
General Manager Of MenaPay Tolga Odoğlu emphasized that ‘’We are very pleased with the interest of investors from the Middle East and Africa. We will launch the MenaPay very soon. Our expectation from the BADEER event was to expand our network in the region and to build the partnership that would make use of the MenaPay technology. But, it was nice to see a similar high interest of domestic and foreign investors.’’
‘’Our technology team has 15 people and we have realized both the payment infrastructure and the blockchain technology together with our team, ’’said Chief Technical Officer, Tuna Orbay from MenaPay.
Within the scope of the Summit, a partnership between the domestic and foreign investors has established partnership by transferring know-how efficiently and introducing their projects.