Online Payment Services

Online payment

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Online Payment Services
Online Payment Services
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Financials
Business Model Description

Online/E-commerce payment schemes for SMEs and individual sellers. An e-payment system is a way to make transactions online without the use of physical checks or cash. (5) Online payment structures integrated within e-commerce value chains as well as digital money/wallet solutions that transform mobile phones into pos devices.

Expected Impact

Investments in online payment services will increase the revenues of SMEs by facilitating their access to the e-commerce markets.

How is this information gathered?
Updated: 4 Aug, 2021 Date of Production: 1 Feb, 2021
Turkey
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
No Poverty (SDG 1) Decent Work and Economic Growth (SDG 8) Reduced Inequalities (SDG 10)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Quality Education (SDG 4) Industry, Innovation and Infrastructure (SDG 9)

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Sector Sources
  • 1) BKM, 2017. Cashless Turkey by 2023. https://bkm.com.tr/wp-content/uploads/2017/05/cashless-2023.pdf 2) Presidency of Strategy and Budget, 11th Development Plan. http://www.sbb.gov.tr/wp-content/uploads/2020/03/On_BirinciPLan_ingilizce_SonBaski.pdf 3) World Bank, 2018. The Global Findex Database 2017. https://globalfindex.worldbank.org/ 4) Presidency of Strategy and Budget, Turkey's SDGs 2nd VNR 2019. https://sustainabledevelopment.un.org/content/documents/23862Turkey_VNR_110719.pdf 5) Investment Office of Turkey, 2018. https://www.invest.gov.tr/en/sectors/pages/financial-services.aspx
IOA Sources
  • 5) What is an E-Payment System? https://securionpay.com/blog/e-payment-system/ 6) Iyzico, 2020. https://www.iyzico.com/en 7) The Interbank Card Center (BKM), 2020. İNTERNETTEN YAPILAN KARTLI ÖDEME İŞLEMLERİ. https://bkm.com.tr/internetten-yapilan-kartli-odeme-islemleri/ 8) J.P. Morgan, 2019. 2019 Global Payments Trends Report - Turkey Country Insights. https://www.jpmorgan.com/merchant-services/insights/reports/turkey 9) EF Vostok Emerging Finance. İyzico Exit. https://www.vostokemergingfinance.com/wp-content/uploads/2019/08/iyzico-Exit.pdf 10) BKM, 2017. Cashless Turkey by 2023. https://bkm.com.tr/wp-content/uploads/2017/05/cashless-2023.pdf 11) EC, 2019. 2019 SBA Fact Sheet Turkey. https://ec.europa.eu/neighbourhood-enlargement/sites/near/files/sba-fs-2019_turkey.pdf 12) Statement by the Minister of Trade Turkey, 2019. https://www.cnnturk.com/ekonomi/bakan-pekcan-15-bin-159-suriyeli-sirket-var 13) UNHCR Turkey, 2019. https://www.unhcr.org/tr/en/livelihoods 14) TEPAV and EBRD, 2018. Syrian Entrepreneurship and Refugee Start-ups in Turkey. 15) İyzico and PAL Consultancy, 2019. Impact of Financial Technologies on the Turkish Economy. https://media.iyzico.com/b/2019/04/PAL-eng.pdf 16) Bertelsmann Stiftung & SDSN, 2020. Sustainable Development Report Dashboards 2020. Turkey. https://dashboards.sdgindex.org/profiles/tur/indicators 17) World Bank, Databank. https://data.worldbank.org/indicator/SI.POV.NAHC?locations=TR 18) Turkey's 11th Development Plan. http://www.sbb.gov.tr/wp-content/uploads/2020/03/On_BirinciPLan_ingilizce_SonBaski.pdf 19) Official Gazette, 2013. LAW ON PAYMENT AND SECURITIES SETTLEMENT SYSTEMS, PAYMENT SERVICES AND ELECTRONIC MONEY INSTITUTIONS. 20) Çukur and Yılmaz Law Firm. https://cukuryilmaz.av.tr/major-amendments-regarding-the-code-numbered-7192-on-payment-services-e-currencies-and-open-banking/ 21) KPMG, 2020. https://home.kpmg/tr/tr/home/hizmetlerimiz/denetim-ve-guvence/bilgi-sistemleri-risk-yonetimi/mevzuat-uyum-hizmetleri/guvenli-mobil-odeme-elektronik-belge-yonetim-sistemi.html 22) BRSA, 2020. FAQ. https://www.bddk.org.tr/Sss-Kategori/Odeme-Sistemleri-ve-Elektronik-Para-Kuruluslari/3 23) TÜBİTAK. 1512 - Entrepreneurship Multi-phase Programme. https://tubitak.gov.tr/en/funds/industry/national-support-programmes/content-1512-entrepreneurship-multi-phase-programme