As of 2024, newly established payment facilitator VakıfPayS which is a subsidiary of a Turkish state-owned bank, has placed the modernization of its payment infrastructure at the centre of the digital transformation agenda. The institution sought not only to strengthen its own technology backbone, but also to support the wider ecosystem it serves with a more resilient, scalable and compliant payments platform.
In line with this vision, VakıfPayS selected Payten Fintech Suite as its strategic infrastructure partner. Fully aligned with PCI DSS requirements, the solution enabled VakıfPayS to launch virtual POS services for its corporate clients from the ground up in approximately six weeks, without additional hardware investments or incremental in-house IT headcount. Leveraging Payten’s regulatory-compliant architecture and advanced technology stack, VakıfPayS now empowers corporate clients to provide virtual POS services directly to their own customer portfolios, with application, remote merchant onboarding and integration managed end-to-end through fully digital workflows.
The platform is supported by 24/7 live technical assistance and Disaster Recovery Centre, while software, infrastructure and platform operations are managed centrally by Payten. The modular design allows VakıfPayS to activate value-added capabilities such as payment links and marketplace infrastructure as needed, creating a future-proof foundation for new services and business models.