Turkey

Apple’s Payment Practices Target of Turkish Regulatory Probe
Apple’s Payment Practices Target of Turkish Regulatory Probe
June 06, 2024  |  Regulation

Turkey is the latest country to investigate Apple’s App Store payment rules. The Turkish Competition Authority launched a probe into the contracts Apple makes with...

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Report: Getir Faces Investor Pressure to Cut Costs and Restructure
Report: Getir Faces Investor Pressure to Cut Costs and Restructure
April 18, 2024  |  Delivery

Getir, the Turkish grocery delivery company that soared in value during the pandemic, is reportedly grappling with the need to cut costs and restructure as...

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Revo Capital Launches $100 Million Effort for Turkish AI Firms
Revo Capital Launches $100 Million Effort for Turkish AI Firms
December 18, 2023  |  Investments

Turkey’s Revo Capital reportedly plans to raise $100 million for local AI-powered startups. The new fund will mark Revo’s inaugural investment in the gaming and energy sectors, Managing...

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Singapore’s Banks Increase Customer Scrutiny After Money Laundering Scandal
Singapore’s Banks Increase Customer Scrutiny After Money Laundering Scandal
September 24, 2023  |  Security & Fraud

Singapore’s banks are reportedly increasing customer scrutiny following a $1.8 billion money laundering scandal. As the Financial Times (FT) reported Saturday (Sept. 23), this added oversight...

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Report: Alibaba Plans to Invest $2 Billion in Turkey
Report: Alibaba Plans to Invest $2 Billion in Turkey
September 18, 2023  |  Investments

Alibaba reportedly told Turkey’s president it plans to invest $2 billion in the country. Alibaba President Michael Evans made the remarks in a meeting with...

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Report: Getir to Raise $500 Million in Funding Round
Report: Getir to Raise $500 Million in Funding Round
September 08, 2023  |  Investments

Turkey-based grocery delivery company Getir is reportedly raising $500 million in a new funding round. The investment values the company at $2.5 billion, a decrease...

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Thailand Ranked First Globally in Real-Time Payments Transactions per Capita
Thailand Ranked First Globally in Real-Time Payments Transactions per Capita
September 01, 2023  |  Real-Time Payments

The value proposition of real-time payments is undeniable: payments initiated, cleared and completed in just seconds — at any time. In other words, payees get...

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Colendi Gets Approval to Launch Digital Bank in Turkey
Colendi Gets Approval to Launch Digital Bank in Turkey
August 21, 2023  |  Digital Banking

Turkish FinTech Colendi says it’s set to launch the country’s first digital deposit bank. That announcement came Monday (Aug. 21), after Colendi received approval from the Turkish Banking Regulation...

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Payments Tech Helps Online Sellers Go Global, Play Like Locals
Payments Tech Helps Online Sellers Go Global, Play Like Locals
August 02, 2023  |  Cross-border Payments

The digital, connected economy knows no borders. The movement of money, however, is increasingly aware of them. Whether a company is already transacting internationally, or...

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