Torus at Agora Fintech in Istanbul – analyzing profitability of x-border card payments

Three hot days of finance technology exhibition showcasing the innovative fintech landscape

Vilnius, 28.04.2024

The Agora Fintech, organized by TÖDEB and Mobilefest, was held in Istanbul. It is part of the largest technology exhibition in Eurasia, which brings together the fintech ecosystem with over 20,000 attendees, more than 300 exhibitors, and numerous international buyers.

Agora Fintech unites the leading financial entities and service providers from Türkiye and its neighboring regions, serving as the driving force of the ecosystem. A wealth of lectures and expert insights, along with networking opportunities, serve as the locomotive of the ecosystem and open new avenues for collaboration.

Conference participants discussed the value of data in increasing profitability, as well as global economic trends and Turkey’s place within them. Some insights from the discussions by Kirill Lisitsyn, CEO of Torus, wrap up the event:

1. Turkish payments market is rapidly developing as a hub between European, Asian and Middle Eastern markets.

2. In the absence of any cap on the interchange fees, issuers are very interested in balancing their profitability at MCC level.

3. There are a lot of challengers expanding from closed-loop wallets into direct Visa / MC issuers or acquirers.

2024-04-30 10:00