Ufuk Bilgetekin

Turkish fintech companies have potential to become unicorns

Fintech ecosystem is growing fast in Türkiye and those financial technology companies have the potential to become unicorns, said Ufuk Bilgetekin, head of the Türkiye Payment and Electronic Money Institutions' Association (TÖBED).

After the Central Bank gave its approval to 16 more firms to operate in the industry, the number of authorized electronic money institutions rose to 42.