Paymore

What Paymore does

Paymore is a Turkish-headquartered fintech founded in 2020 that operates an integrated payments, telemetry, and open banking platform targeting unattended and self-service commerce. The company builds and sells hardware payment terminals (SPOS for attended retail, mPOS for mobile, TPOS for self-service/kiosk, Kiosk POS up to 22"), a SoftPOS application that turns NFC-enabled Android phones into payment terminals, and a Telemetry Suite that performs remote monitoring of vending, EV charging, car wash, and laundromat assets over MDB, Pulse, ccTalk, and OCPP protocols. The platform is built on a microservices architecture using Node.js, TypeScript, NestJS, Go, and Python, running on AWS, Azure, and Google Cloud, with REST and GraphQL APIs, SDKs in JavaScript, Python, PHP, Java, Ruby, and .NET, and real-time WebSocket and MQTT integrations. Adjacent offerings include the BankAsistan PSD2 open banking platform, the Wallmore closed-loop white-label wallet, payment orchestration across 26 Turkish banks, loyalty programs, an embedded finance API, and ticket validation devices for transit.

The business combines one-time hardware sales (priced from ₺1,250 to ₺35,000 KDV dahil), recurring software subscriptions (e.g., ₺2,400/year SoftPOS, Telemetry Suite), per-transaction payment fees, and BaaS / embedded-finance consumption-based revenue. Go-to-market runs through direct enterprise sales for large deployments, a self-serve e-commerce storefront for SMBs, and an API/SDK channel for developer-led integrations. The company holds regulatory credentials spanning PCI DSS Level 1, ISO 27001/27017/27018/27701, SOC 2 Type 2, PSD2, BKM TechPOS certification, and TROY scheme approval.

Paymore reports 50,000+ active terminals across 25+ countries, 500M+ monthly transactions, 100,000+ registered users, and 99.9% uptime, with a London office supporting UK and European expansion and a March 2026 US entry via a franchise partnership in Tampa, FL. Named enterprise customers include Petrol Ofisi, Kahve Dünyası, ŞOK Market, Onur Market, and Hupalupa, alongside vertical specialists COVending Co. and COEV Charge Inc.

Name

Paymore

Legal name

Paymore

Website

https://paymore.com.tr

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Paymore is a Turkish fintech providing integrated cashless payment, telemetry, and PSD2 open banking infrastructure for unattended and self-service operators — including vending, EV charging, car wash, laundromat, transit, and retail — across 25+ countries with 50,000+ active terminals.

Ownership category

akta.pro rank

Product category

Payment Processing Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Wholesale-Computers & Peripheral Equipment & Software (5045)

akta.pro primary industry

POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO)

akta.pro secondary industries

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Request-to-Pay (R2P) & Pay Links (FSAMAFAE)

Keywords

• Payment processing
• POS terminals
• Payment gateway
• Open banking
• Telemetry software

Headquarters

HQ city

Istanbul

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Payment Transaction Fees: Revenue generated from transaction fees on card payments processed through POS terminals and payment gateway. Supports multiple card schemes (Visa, Mastercard, Troy, Amex, UnionPay, Discover) and payment methods (NFC, QR, card).
2. POS Hardware Sales: Sale of physical POS terminals, unattended POS devices (TPOS), card readers, thermal printers, ticket validators, and kiosk systems through their e-commerce store. Hardware prices range from ₺850 to ₺35,000.
3. Software Licenses and Subscriptions: Annual SoftPOS licenses (₺2,400/year), Telemetry Suite subscriptions, and analytics platform access. White-label wallet solutions and embedded finance APIs likely operate on subscription or usage-based models.
4. 0% Commission Closed-Loop Ecosystem: Wallmore wallet enables merchants to operate closed-loop payment ecosystems with 0% commission on internal transactions, generating revenue through prepaid balance float and reduced transaction costs.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Paymore is a Turkish fintech company that sells an integrated cashless payment and IoT telemetry platform for unattended and self-service commerce. It delivers this through payment-processing software (SoftPOS, Payment Gateway, Open Banking API, Embedded Finance API, Mobile Wallet), purpose-built POS hardware (SPOS, mPOS, TPOS, Ticket Validators, kiosks), and a SaaS Telemetry Suite that provides real-time sales, inventory, and fault monitoring for vending, EV charging, car wash, and laundromat machines.

Product overview

Paymore is a Turkish fintech company offering an integrated payments, telemetry, and open banking platform. The product portfolio centers on Physical POS terminals, SoftPOS (software-based mobile POS), and Vending/Telemetry solutions, complemented by Open Banking (BankAsistan), Mobile Wallet (WaaS), Embedded Finance API, and Payment Orchestration modules. Hardware offerings include Android POS (SPOS), Mobile POS (mPOS), Self-Service POS (TPOS), Ticket Validators, and Kiosk systems. The platform is built on a modular SaaS architecture with Telemetry Suite and POS Management Suite as key add-on modules for operations management, alongside QR Solutions, Loyalty Programs, and SDK/Plugin tools for customization. The company operates across 25+ countries with 50,000+ active terminals.

Differentiator

Problem solved

Functional benefit

Brands

• BankAsistan: PSD2-compliant open banking platform enabling real-time balance tracking, payment initiation, and multi-bank management for businesses.
• Wallmore Wallet
• Telemetry Suite

Products and services

• Physical POS Solutions (Fiziksel POS) Hardware-based EMV and PCI-DSS certified payment terminals for retail, restaurant, and self-service environments, supporting instalments, loyalty points, and ERP/accounting integration.
• SoftPOS Software-based POS that converts an Android smartphone into a contactless (NFC), QR, and chip payment terminal, with 26 bank integrations and TR Karekod support. Sold as an annual license.
• TPOS (Self-Service Android POS) Industrial Android POS hardware designed for unattended environments, accepting credit/bank cards, food/transport cards, mobile wallets, and QR payments with MDB/Pulse/ccTalk protocol support.
• SPOS (Android POS) Android-based POS for attended point-of-sale environments, BKM TechPOS compliant, supporting contactless, chip, and magnetic card transactions across all banks and payment institutions.
• mPOS (Mobile Android POS) Portable Android-based mobile POS for field sales, takeaway, and delivery operations, with 26 bank and payment-institution integrations.
• Ticket Validator (Bilet Doğrulayıcı) Android POS-based ticket validation device for transportation and access control, supporting contactless cards, QR reading, and 26 bank integrations for transit and turnstile systems.
• Vending & Self-Service Payment with Telemetry Cashless payment plus AI-powered telemetry and remote monitoring solution for vending machines, EV charging stations, self-car wash, and other self-service equipment, combining payment processing with inventory and fault management.
• Telemetry Suite SaaS-based telemetry and operations management platform for vending machines and self-service devices, providing real-time sales, inventory, and fault tracking with AI-powered analytics, reporting, and ERP integration.
• Payment Orchestration (Ödeme Orkestrasyonu) Payment gateway that manages multiple virtual POS endpoints and bank integrations through a single API, with rule sets, smart routing, and PCI DSS compliance.
• E-Commerce Payment Gateway Multi-channel payment management and e-commerce integration platform with 3D Secure 2.0, fraud prevention, multiple bank/card support, and API and SDK integration.
• Mobile Wallet / Wallmore (WaaS) White-label mobile payment and digital wallet platform enabling businesses to launch branded wallets with money transfer, balance management, cashback, loyalty programs, and open banking integration.
• Open Banking Platform (BankAsistan) PSD2-certified open banking platform that provides real-time balance tracking, payment initiation, and consolidated multi-bank financial management for businesses across 10+ banks and e-money institutions.
• Embedded Finance API (Gömülü Finans) API-based Banking-as-a-Service infrastructure allowing businesses to integrate financial products such as banking, wallet, and payments into their own applications and platforms.
• QR Solutions QR code payment solution supporting static and dynamic QR codes for table, self-service, and mobile payments with instant account transfer.
• Loyalty Programs & Card Management Loyalty program and gift-card management system with point accumulation and spending, digital and physical card issuance, and campaign/promotion management.
• Micro Markets Solution Unattended micro-market solution combining self-checkout, inventory management, and payment processing for unsupervised retail environments.

Quantifiable outcome

• Sales increase of 24-40% for vending operators converting to cashless payments
• +7 more outcomes

Named customers7 records

Segments8 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration28 records

AI capability5 records

Feature7 records

Partnerships

14 partnerships are on record, tiered core and minor.

• AkbankcoreTechnology or IntegrationBank integration for payment processing. Supports all card types issued by Akbank through BKM TechPOS infrastructure.
• İş BankasıcoreTechnology or IntegrationBank integration for payment processing through 26-bank TechPOS network in Turkey.
• Garanti BBVAcoreTechnology or IntegrationBank integration for payment processing through BKM network.
• Yapı KredicoreTechnology or IntegrationBank integration for payment processing.
• Ziraat BankasıcoreTechnology or IntegrationState bank integration for government and agriculture sector payments.
• HalkbankcoreTechnology or IntegrationPublic bank integration for payment processing.
• VakıfbankcoreTechnology or IntegrationPublic bank integration for payment processing.
• BKM (Bankalararası Kart Merkezi)coreTechnology or IntegrationBKM TechPOS certified member enabling integration with all Turkish banks through single terminal. Card center membership provides legitimacy and regulatory compliance.
• TROYcoreTechnology or IntegrationTROY card scheme certified partner for domestic Turkish card network acceptance.
• MastercardcoreTechnology or IntegrationInternational card scheme integration for global card acceptance.
• VisacoreTechnology or IntegrationInternational card scheme integration for global card acceptance.
• AWS (Amazon Web Services)coreTechnology or IntegrationCloud infrastructure provider for Paymore's platform hosting, utilizing AWS IoT Core for telemetry and cloud-native architecture.
• YTÜ Yıldız TeknoparkcoreStrategic or Co-development PartnerTechnology park residency providing R&D support, startup ecosystem access, and Turkish innovation infrastructure. Paymore's headquarters is located in YTU Technopark.
• TİM (Türkiye İhracatçılar Meclisi)minorStrategic or Co-development PartnerTurkish Exporters Assembly membership supporting international expansion and export promotion.

Scale indicators9 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• BBPOS: Hong Kong-based mobile POS hardware specialist (acquired by Stripe). Direct competitor in SoftPOS-class mobile card readers and Android POS hardware that Paymore distributes through Turkish bank partners.
• PAX Global Technology: Hong Kong-listed global manufacturer of Android EFT-POS terminals including unattended/industrial models. Direct hardware peer to Paymore's TPOS, SPOS, and mPOS product lines.
• Nayax: Israeli-listed provider of cashless payment and telemetry solutions for unattended retail (vending, EV charging, kiosks, laundromats). Direct overlap with Paymore's core verticals, hardware-software-telemetry bundle, and MDB/Pulse protocol support.
• Cantaloupe: US-listed (CTLP) provider of integrated payments and cloud-based SaaS solutions for the unattended retail market, primarily vending. Closely matches Paymore's Telemetry Suite and cashless vending payment offering.
• Sunmi: Android POS hardware manufacturer with strong presence in EMEA and APAC retail/hospitality. Comparable Android-based POS hardware (SPOS/TPOS) and BaaS-style value-added services.

Broad incumbents

• Adyen: Global payment platform serving enterprise merchants with unified commerce, POS, and payment orchestration. Overlaps with Paymore's Payment Orchestration, SoftPOS, and multi-currency ambitions.
• Verifone: Global incumbent in payment terminal hardware and integrated commerce. Overlaps with Paymore's physical POS, SoftPOS, and unattended terminals but at vastly larger scale across many geographies.
• Ingenico (Worldline): Major European payment terminal and merchant services provider (now part of Worldline). Competes with Paymore in physical POS, unattended terminals, and payment orchestration across EMEA.

Regional players

• Iyzico (PayU): Leading Turkish payment processor owned by PayU (Prosus). Most direct Turkish-market competitor in payment gateway, POS, and installment payments — overlapping significantly with Paymore's Turkish customer base.

Emerging players

• Parlevel Systems: Smaller US-based provider of vending management software, cashless payments, and pre-kit solutions. Comparable focus on the vending vertical with telemetry/payment bundle, though smaller scale than Paymore.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/paymore
• LinkedInlinkedin.com/company/paymore-official
• Instagraminstagram.com/paymore_official

Compliance64 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paymore