Ozan Electronic Money in 2023: A Year of Innovative Growth

Ozan Elektronik Para (Ozan Electronic Money), one of Türkiye’s leading fintechs, has achieved remarkable expansion for the second year straight. The company reported a 5.5 times growth at Ozan SuperApp and a 2.5 times increase in its business payment services for 2023. By the end of 2023, their monthly transaction volume had escalated to 5 billion TL (USD 174.4 million).

In 2023, Ozan Electronic Money achieved considerable progress through its inventive financial offerings and key partnerships. The company unveiled a series of products branded as Fiji – a label signifying the integration of both the tangible and digital facets of Ozan’s payment solutions. A standout product, FijiPOS, offers businesses a unified platform for managing both in-person and online payments via virtual and physical POS systems, facilitating smoother operations, streamlined management, and more favourable rates.

Amid the ongoing monetary tightening in Türkiye and worldwide, Ozan rapidly adjusted to the changing economic landscape by rolling out tailored solutions under the Fiji brand, explicitly designed for sectors such as hospitality, travel, automotive sales, and major retail outlets.

Strategic alliances played a crucial role in the expansion of Ozan, facilitating access to a broader customer base while minimally affecting its marketing and sales efforts. A notable collaboration involved Aveon Global Sigorta (Insurance), TESK (Confederation of Turkish Tradespeople and Craftspeople), and Ozan. This partnership resulted in the development of a digital wallet application tailored for micro businesses and artisans associated with TESK. This app, featuring unique capabilities, quickly attracted thousands of TESK members, providing them access to payment services, insurance products, and microloans within just a few months.

Charting Future Successes: Insights from Ozan Elektronik Para Founder Dr. Ozan Ozerk

Dr. Ozan Ozerk, the founder of Ozan Elektronik Para, shared insights on the company’s achievements and looked confidently towards the future, stating, “We are proud to complete 2023 with all these achievements. We look forward to staying on this successful path in 2024 and the years to come.”

CEO Ömer Suner shared his enthusiasm for the upcoming year, reflecting on their achievements in 2023: “It’s been an important year for us. This year, we stood out in the industry with many innovative products and collaborations. Our new products, aggregated under Fiji, have transformed payment processes for many businesses thanks to the flexibility and ease of management they provide. Fiji products understand the dynamics of the business world and deliver innovative solutions sensitive to the needs of businesses.”

Suner highlighted that in 2023, Ozan set itself apart through its innovative products and partnerships despite economic adversities, leading to notable industry acclaim: “We were deemed worthy of the Golden PSM awards in the ‘Most Innovative Product-Project’ and ‘Young Spark’ categories at the PSM Awards at the end of the year. This event is organized specifically for the finance sector and the awards recognize our success at innovation.” he said.

Building Bridges in Fintech: Local and Global Access: A Directive from Ömer Suner, Ozan Electronic Money CEO

Suner highlighted upcoming projects and partnerships poised to influence the fintech sector in 2024: “We aim to reach and support more businesses with new and existing payment solutions as well as expanding our work to the global arena. By strengthening our presence abroad, we aim to add further value to our users and create a broader impact on payment systems globally. Our ambition is to position Ozan as an accessible and reliable financial solution provider both locally and globally.”

About Ozan Elektronik Para (EMI – Ozan Electronic Money Institution):

Ozan Elektronik Para is an electronic money institution in Türkiye with licenses and memberships from Visa, Mastercard, UnionPay, BKM, and Troy. Its Ozan SuperApp/SuperCard products provide individual financial solutions to end-users. Meanwhile, Ozan Business products address all payment and collection needs of medium and large-scale businesses and ventures. Ozan Elektronik Para offers innovative solutions such as FijiPOS, FijiCash, and FijiPlace, QR payments, link payments, virtual and physical POS, payment gateway, and dealer collections. Ozan Elektronik Para operates in Türkiye under Law No. 6493 and is authorized to make agreements with member businesses as per Law No. 5464.