TPAY MOBILE Accelerates Its Future Growth Strategy

TPAY MOBILE, a leading digital merchant acquirer and micropayment-focused mobile enabler in the Middle East and Africa (MEA), has announced that the company is right on track for the accelerated growth trajectory planned for 2022.

The announcement was made during the company’s first annual strategy meeting, called “Engage & Align,” on Monday, March 28, 2022. The Dubai-headquartered company’s meeting was held jointly at two offsite locations in Cairo and Istanbul, with around 180 company employees. At the meeting, the first in 2 years due to the global pandemic, company executives shared with staff the 2022 strategies and presented detailed reports about the company's first-quarter performance. The estimates of the Q1 results indicated that TPAY Mobile was on an accelerated growth trajectory.

Ms. Sahar Salama, the founder and the CEO of TPAY MOBILE, said: 

“Customer demand for TPAY services and our execution remained solid, the first quarter results of 2022 are robust following ongoing aggressive integration and expansion work in both our product and partner portfolio across MEA . The results reflect significant growth momentum as well as improved economics, positioning us to raise full-year 2022 market guidance.”

Ms. Salama added: “12 months post the acquisition of Payguru, our teams are fully merged and are indeed working very closely to leverage advanced synergies- on top of it – is Turkey’s progressive business models backed by the advanced regulatory frameworks for the expansion of both products and merchants for all TPAY regions.” 

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Mr. Işık Uman, TPAY MOBILE Turkey CEO, and Group Vice President for Global Partnerships, Turkey and Sub-Saharan Africa, was also highly pleased with the company’s strong Q1 results which built on the momentum from last year. Mr. Uman commented: 

“I am delighted by the fact that TPAY MOBILE turkey brought new energy from a vibrant and experienced team that is committed to going beyond borders expediting TPAY’s strategic growth plans. Now being part of TPAY group, I am confident that Turkey team will drive immediate added value to TPAY’s business and will contribute significantly to our year-on-year revenue increase in 2022. TPAY MOBILE is very proud to see that the total revenues in Turkey increased by 29% in Q1 2022 compared to the same period in 2021. And with our new business partners onboarding, we look forward to taking it to even greater heights and continue to set new benchmarks for the mobile payment industry in the region.”

Founded in 2014 as the first open mobile payment platform in the Middle East and Africa region, TPAY MOBILE provides a full service, and end-to-end payment solution that makes it easy for digital service providers to access and accept micropayments from consumers in 29 countries in MEA and Turkey. TPAY MOBILE platform has grown to include 91 live operators and wallet connections TPAY MOBILE is headquartered in the UAE and its services are currently used by over 22 million monthly active users.

Istanbul-based Payguru, founded in 2015, was the first mobile payment company to be granted a license from Turkey’s financial regulatory body. As the TPAY Mobile’s Turkish Office, it offers direct carrier billing (DCB) based payment platform across three mobile network operators, as well as bank transfer and ATM payments through eight major banks.