Paycore

Innovations

The First Projects in the World in Payment Technologies

  • 2017 Credit card and contactless Debit card to Rupay standards (Open loop EMV) in public transportation in India: Axis Bank
  • 2016 The first national mobile wallet “empay” in the United Arab Emirates: Emcredit
  • 2014 Contactless debit cards in Azerbaijan’s public transportation: MasterCard, Asis, Bank of Azerbaijan
  • 2014 In fuel sector, mobile payment system, working with SMS without using credit card: Shell, Turkcell

Partnering Objectives

  • To find valuable collaboration partner opportunities which will enable us to further develop our R&D projects
  • Sharing experiences and know-how through development

Company Story

Paycore, then Cardtek, was founded in 2001 to meet the software demand in payment technologies.The company provides innovative end-to-end solutions in the field of financial payment technologies, especially in card payment, digital payment, smart city and EMV solutions and secure hardware services. With its licensing and processing service models, Paycore’s focus areas are  Banking, Telecom, Retail, Transportation sectors and also Governments, Payment Service Providers and Personalization Offices.

In addition to the card payment solutions, processing services and secure hardware solutions are among its specialized areas in the field of card payment technologies. Paycore also develops projects around the world in the fields of digital payment and wearable payment technologies, cloud-based systems, and smart city solutions, which are today’s growth sectors. Among Paycore’s firsts, the first contactless credit card, payment via wristwatch, the first screened credit card, the first application of contactless credit cards in transportation, mobile wallet, new generation ECR/POS integration, the application of shopping via TV, digital payment in taxis, SMS payment systems in the fuel sector, smart ID and the first national mobile wallet, in which payment features come together with NFC technologies.

In the coming five years, Paycore aims to be one of the top 10 fintech companies around the world in the field of financial technologies, by strengthening its existence in North America, Europe, the Middle East and the Asia Pacific. Today, as a solution partner to more than 185 institutions, and importing technology to 35+ countries, it provides services from its offices in Chicago, Toronto, Dubai, Warsaw, Izmir, and Istanbul, with approximately 250 employees. With its fast-growing business partners network, Paycore focuses on software and hardware needs, smart city projects in these regions and has an R&D center located in Istanbul.

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