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Compay

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In Turkey, Compay is actually a popular digital payment method. It is a mobile payment platform developed by the Turkish bank İşbank. It allows users to pay bills, make […]

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  • Turkey
Currencies 1
  • Turkey Lira
Description

In Turkey, Compay is actually a popular digital payment method. It is a mobile payment platform developed by the Turkish bank İşbank. It allows users to pay bills, make money transfers, and online payments from their mobile phone.

Compay is available as a mobile app for smartphones and is widely accepted in both physical and online stores in Turkey. Users can link their bank account to the app to make transactions more quickly and easily.

By using Compay, users can also make real-time payments by scanning QR codes or using NFC (Near Field Communication) technology for contactless payments. Additionally, the platform’s security is enhanced by using encryption technology to protect user data.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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