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Migros financial services platform has received a Moneypay service license

Moneypay Payment and Elektronik Para Hizmetleri A.Ş., founded by Migros to enable its customers to carry out financial transactions, especially payments and money transfers, in a fast, convenient and secure manner, has been licensed as an electronic institution money with the decision published in the Official Gazette. With the MoneyPay application developed, shopping can be completed contactless with QR code from Migros cash registers and jet registers, and those who use the ready limit defined by their financial business partners have the option to delay their payments for up to 30 days without any charges .

Moneypay Payment and Electronic Money Services Inc. obtained its license from the Central Bank of the Republic of Turkey as an electronic money institution with the decision published in the Official Gazette. The MoneyPay application aims to make financial transactions safer and easier for all end users in the financial ecosystem, especially Migros and Migros Virtual Market customers.

Thanks to the MoneyPay application, contactless shopping can be done with a QR code. Users can make payments with the balance/prepaid card that they transfer to the digital card offered in the Mastercard infrastructure, or with the credit card they define, or over the pre-defined prepaid limit. Those who use the limit defined by their financial business partner have the option to defer their payments for up to 30 days free of charge. In addition to the money transfer and EFT facilities, money can be transferred 24/7 to the desired person by simply entering the mobile phone number via the application. When customers with a Money membership match their information with MoneyPay, they can immediately take advantage of all discounts and benefits, both in stores and in the Migros Virtual Market. The app is free to download on Android and iOS.

Source: (BYZHA) – Beyaz News Agency

Source: Haber Safir

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