Established in 2001, PayCore (formerly Cardtek, acquired MPTS Turkey in 2019)
Is a Being a payment software company offering innovative, end-to-end payment solutions and services to banks, PSPs, e-money institutions, telecom operators, and retailers. PayCore has been a reliable, long-term technology solution partner to 245+ clients in 30+ countries.
Why did we invest?
PayCore is the local leader of payment system with a large potential to expand globally and win with R&D rooting, including a massive North America EMV migration opportunity. Transit & city operators moving away from legacy systems to enable a user-friendly, mobile, interoperable & value-added future, where PayCore is well positioned to win. To date, PayCore built end-to-end solutions for the majority of banking/payment/wallet innovation projects in Turkey and the region — and can help differentiate global mid-tier banks’ customer proposition. PayCore’s PCI DSS, BKM, MasterCard & Visa-certified Processing Center serves 65 clients in EMEA region through its infrastructure. Range of PayCore Processing Services cover; Issuing, Acquiring, Payment Gateway, Digital Payment Acceptance and Digital Card.