Papara

Overview

Papara is a fintech company based in Istanbul, Turkey, founded in 2015. It operates as a financial super-app, providing fast, user-friendly, and free financial services as an alternative to traditional banking. With over 20 million users, it aims to empower the unbanked and underbanked populations by offering accessible digital banking solutions.

The company holds an “Electronic Money Institution” license and was the first non-bank entity in Turkey to issue a MasterCard prepaid card. Papara offers a variety of services through its app, including quick account opening, free money transfers, bill payments, budget management tools, QR code payments, foreign currency exchange, and in-app purchases. It provides four types of prepaid cards that can be used globally and include a cashback program. Recognized for innovation, Papara has received accolades such as the Global Fintech100 by KPMG and is especially popular among Generation Z.

Basic Information

Contact Details

• Phone: +90 850 340 0340
• Website: papara.com
• LinkedIn: linkedin.com/company/papara

Key Focus Areas & Initiatives

• Payment services and bill payments
• Prepaid cards and card personalization
• Electronic money solutions
• e-wallet and digital wallet security
• Cross-border transfers and international remittance
• Mobile app and mobile payments
• Financial inclusion and serving unbanked users
• Compliance and regulatory technology
• Low-fee digital banking and free money transfers
• Budget and financial management tools
• Payment platform for B2B and B2C
• Foreign currency exchange
• Market expansion and international partnerships
• App-based user authentication and security features
• Digital onboarding and customer engagement
• Fintech awards and global recognition

Technologies Used

• AI
• Amazon SES
• Barracuda Networks
• Citrix NetScaler
• CloudFlare Hosting
• Cloudflare DNS
• MailJet
• Outlook
• React Redux

Affiliated Organizations & Regional Branches

• Turkland Bank
• SadaPay
• Rebellion Pay