Credit/Debit Cards, Prepaid

MasterCard acquires Turkish payment provider Provus

220px-MasterCard_Logo.svgMasterCard announced last week the completed acquisition of Turkish payment provider Provus Bilişim Hizmetleri, which services financial institutions, retailers and telecommunication service providers.

MasterCard said the acquisition is part of the company’s strategy to increase its presence in high-growth markets and provide value added services and solutions to customers and financial institutions in emerging prepaid and mobile payments markets.

“The acquisition of Provus enables MasterCard to continue developing innovative solutions to add value to our customers, and increases our processing presence in Europe,” MasterCard Europe President Javier Perez said. “Turkey continues to be a very exciting and growing market and this acquisition provides an important platform that will enable us to not only serve customers locally but also to continue to deliver innovative payment solutions across the region.”

Founded in 2011, Provus’ solutions business includes prepaid solutions, ATM processing services and issuer and acquirer processing.

“Today’s announcement represents an exciting new chapter for our business, which has been delivering cutting edge payment solutions and processing services for both traditional and non-traditional customers in Turkey,” Provus CEO Tunc Dasar said. “We look forward to the future as part of the MasterCard family and are focused on delivering innovation in payment solutions and processing to the widest possible audience.”

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