- Lidio, a Turkish financial technology company, said that it would collaborate with Worldline on a series of measures to help with fast money transfer services for those buying goods.
- It will allow e-commerce providers to enjoy local acquiring rights and boost payment performance, press reports said.
- “This new solution is part of our strategic approach to help global online businesses enter high-growth markets,” said a senior spokesperson for Worldline.
Lidio, a major provider of financial technology services in Turkey, has announced a new partnership with Worldline, a payment processing services firm.
Lidio said it would work with Worldline to help its customers with fast money transfers.
The new arrangement will allow customers to get through to their chosen payment method quickly and enable e-commerce providers to enjoy local acquiring rights and boost payment performance.
The price of sending money abroad is also set to come down under the new system, with same-day exchange facilities being likely. This will be able to be done in the preferred currency of the seller, reports said.
It comes against a backdrop of Turkey struggling with the worldwide inflation crisis; inflation in the country has risen to around 80% in some cases.
Guillaume Tounand, the Head of Growth for Merchant Services at Worldline, said that the new service would help boost global business.
“This new solution is part of our strategic approach to help global online businesses enter high-growth markets,” he said.
He added that efforts had already been made to introduce solutions in several nations, including India and China.
“It follows solutions already launched for Brazil, China, India and South Korea. To support merchants in their efforts to enter and grow in these unique ecosystems, Worldline conducts extensive analysis to ensure that businesses comply with local governmental regulatory standards and tailor solutions to the preferences of the consumer to help drive cross-border growth,” he explained.
The Co-Founder & CEO of Lidio, Emre Güzer, said that working together with Worldline was likely to be a positive market solution.
“We are very pleased to be working with Worldline to bring this solution to the market here in Turkey,” he said.
“As one of the most rapidly expanding marketplaces that uniquely crosses the divide between Asia and Europe, we seek to facilitate and participate in this growth,” he explained.
“Our joint e-commerce proposition enables us to offer customers a seamless solution and ensure maximum satisfaction,” he added.
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