PayPorter
- Company typePrivate
- Founded2017
- HeadquartersSisli
- Headcount51–100
- GTM typeB2C
- OfferingServices
PayPorter firmographics
Firmographics- Name
- PayPorter
- Legal name
- PayPorter Ödeme Hizmetleri ve Elektronik Para A.Ş.
- Website
- https://payporter.com.tr
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
PayPorter industry classification
Industry- Product category
- Money Transfer & Remittance Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- akta.pro primary industry
- Agent-Assisted / Retail Bill Payment Networks (FSAMAJAD)
- akta.pro secondary industry
- Bank Bill Pay (Consumer & Small Business) (FSAMAJAC)
Keywords
Where PayPorter is headquartered
LocationHeadquarters
- HQ city
- Sisli
Offices6 records
Markets served
PayPorter business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- International Money Transfer Fees: PayPorter charges transaction fees (komisyon) for cross-border money transfers. Fee structure varies by destination country, corridor, transfer currency, and intermediary network selected. For promotional campaigns, transfers start from 1 EUR/USD for specific corridors. The company also earns revenue from foreign exchange margins applied on currency conversion during transfers.
- Domestic Money Transfer and IBAN/EFT Services: Fees charged for domestic transfers within Turkey, including IBAN transfers, EFT, and wire transfers processed through the PorterSystem platform.
- Bill Payment Services: Commission revenue from processing utility bill payments (water, gas, electricity) and other bills at service points.
- Credit Card Transfer: Fees for transferring money directly to credit cards, enabling recipients without bank accounts to receive funds.
- Foreign Exchange Margin: PayPorter applies its own exchange rates on currency conversion during transfers, earning revenue from the spread between the applied rate and the reference rate.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Transfer Fees |
| Transaction based/ take rate | Pay-as-you-go | Campaign: Free Transfer to Specific Corridors |
| Transaction based/ take rate | Pay-as-you-go | Receiving Incoming Transfers |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels5 records
PayPorter product offering
Product offeringCore offering
PayPorter is a Turkey-licensed payment services and electronic money institution that provides international and domestic money transfer services to 185+ countries, bill payment services, and a digital wallet. The company operates a hybrid distribution model combining 500+ physical branches and agent/representative points across Turkey with the kuikpara mobile app and PayPorterPro commercial platform, processing transactions through its proprietary PorterSystem software.
Differentiator
Problem solved
Functional benefit
Brands
- kuikpara: Digital wallet mobile application for money transfers and payments
- kuikpos
- PayPorter Pro
Products and services
- International Money Transfer International remittance service enabling customers in Turkey to send money to over 185 countries worldwide, typically delivered within minutes through PayPorter's branch and representative network.
- Domestic Money Transfer Domestic money transfer service within Turkey, utilizing PayPorter's representative network to deliver person-to-person payments across the country.
- IBAN / EFT / Wire Transfer Bank transfer service allowing customers to send funds via EFT, wire transfer, or IBAN to bank accounts directly from PayPorter service points.
- Credit Card Transfer Money transfer directly to credit cards, enabling recipients to receive funds without needing a bank account, processed through PayPorter's partner card networks.
- Bill Payment Bill payment service covering utilities (water, natural gas, electricity) and other recurring bills, processed through PayPorter service points.
- International Payment Receipt Service enabling customers to receive international money transfers in cash at PayPorter service points without requiring a bank account.
- kuikpara Digital Wallet Digital wallet mobile application branded under PayPorter's ecosystem, enabling customers to perform international and domestic money transfers and bill payments directly from their mobile devices 24/7.
- kuikpos POS technology solution within PayPorter's ecosystem, supporting merchants with digital payment acceptance capabilities.
- PayPorterPro Commercial solutions platform offering business-oriented payment services under the PayPorter ecosystem.
Quantifiable outcome
- Transfers to 185+ countries worldwide
- +2 more outcomes
Companies that use PayPorter
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
PayPorter technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
PayPorter partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- PaysendcoreGlobal partnership with Paysend, a UK-based payment platform, enables PayPorter customers to send instant transfers to any Visa and Mastercard card worldwide. This is a key part of PayPorter's global growth strategy and strengthens its position in Europe–Turkey–CIS transfer corridors.
- CIBPAYcorePartnership with CIBPAY, a strong financial institution in Azerbaijan, makes money transfers to Azerbaijan easier, faster, and more secure. CIBPAY serves as a local distribution partner for PayPorter's services in Azerbaijan.
- ThunescoreThunes partnership enables PayPorter to offer cross-border money transfers to recipients by name and bank account in 130+ countries. Thunes is a global payment systems company connecting PayPorter to global payment infrastructure, enhancing coverage beyond the existing network.
- FaturamatikcorePartnership opened PayPorter's money transfer infrastructure to over 160 countries for use by Faturamatik's customers across all Turkish districts. PayPorter made its transfer infrastructure available to Faturamatik, extending services to end consumers in all Turkish sub-districts.
- Ria Money TransfercorePartnership with Ria, a global remittance company, signed at Plus Forum Uzbekistan. Expanded PayPorter's international money transfer network to 100+ countries and 600,000+ payment points. Ria is one of the world's leading money transfer companies.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
PayPorter competitors and assessment
Company assessmentBroad incumbents
- Western Union: Global money transfer operator with 200+ countries, 600,000+ agent locations, and full digital channels. Directly comparable as an MTO serving cross-border remittance use cases; vastly larger scale but similar core product.
Direct peers
- MoneyGram: Major global MTO and an explicit PayPorter partner listed on the company's network. Operates international remittance across 200+ countries with both agent-based and digital models, directly comparable in product scope.
- Remitly: Digital-first remittance company serving corridors from developed to emerging markets, including Turkey. Competes for the same cross-border send money customer but with a mobile-only model that PayPorter's hybrid offering defends against.
- Wise (TransferWise): Digital cross-border payments company with mid-market FX rates and multi-currency accounts. Comparable as a remittance and cross-border payments provider serving the Turkish corridor and globally.
- Ria Money Transfer: Global remittance MTO and an explicit PayPorter partner (Ria partnership signed 2023 expanded PayPorter to 100+ countries). Operates an agent-based global remittance network directly comparable to PayPorter's model.
- Paysend: UK-based digital remittance platform and PayPorter's 2025 partner enabling instant Visa/Mastercard card transfers. Directly comparable as a card-to-card and account-to-account cross-border payment provider.
- Thunes: Global cross-border payments network connecting 130+ countries by bank account and name, and a core PayPorter technology partner. Comparable as a B2B payment infrastructure provider for cross-border transfers.
- TerraPay: Global payments network enabling real-time cross-border transfers, listed as a PayPorter partner. Directly comparable as a B2B cross-border payment infrastructure provider serving emerging markets.
- Tranglo: Cross-border payment hub connecting mobile wallets, banks, and remittance operators across Asia and emerging markets. Listed as a PayPorter partner and directly comparable as a B2B remittance infrastructure provider.
Emerging players
- Taptap Send: Digital-only remittance app targeting migrant corridors with zero-fee promos. Comparable as a competitor in send-money corridors (including to Central Asia) but focused on mobile app vs PayPorter's hybrid model.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
PayPorter social profiles
Digital presencePayPorter financial estimates
Financial estimateRevenue estimate
Valuation estimate
PayPorter leadership team
Management profileNumber of profiles
Profiles5 records
PayPorter subsidiaries and ownership
Company hierarchySubsidiaries3 records
PayPorter funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PayPorter M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PayPorter
What does PayPorter do?
PayPorter is a Turkey-licensed payment services and electronic money institution that provides international and domestic money transfer services to 185+ countries, bill payment services, and a digital wallet. The company operates a hybrid distribution model combining 500+ physical branches and agent/representative points across Turkey with the kuikpara mobile app and PayPorterPro commercial platform, processing transactions through its proprietary PorterSystem software.
Is PayPorter a public or private company?
PayPorter is a private company. It is classified as family owned and is currently operating.
When was PayPorter founded?
PayPorter was founded in 2017. It employs 51 to 100 people.
Where is PayPorter based?
PayPorter is headquartered in Sisli.
How does PayPorter make money?
Five revenue lines are on record. International Money Transfer Fees are the primary driver. The others are domestic Money Transfer and IBAN/EFT Services, bill Payment Services, credit Card Transfer and foreign Exchange Margin.
Who are PayPorter's main competitors?
Western Union is listed as a broad incumbent. Direct peers are MoneyGram, Remitly, Wise (TransferWise), Ria Money Transfer, Paysend, Thunes, TerraPay and Tranglo. Taptap Send is listed as an emerging player.
Does PayPorter have an API?
No public API is recorded for PayPorter.
What industry is PayPorter in?
PayPorter's product category is Money Transfer & Remittance Services. Its primary akta.pro industry code is FSAMAJAD, Agent-Assisted / Retail Bill Payment Networks, with a secondary code of FSAMAJAC, Bank Bill Pay (Consumer & Small Business). Its NAICS code is 52232.