What BPN Agency does

BPN Ödeme ve Elektronik Para Hizmetleri A.Ş. is a privately held Turkish licensed payment institution and e-money company headquartered in Maslak, Istanbul. Founded in 2012, it received its BDDK payment institution operating license in 2015, a bill payment intermediary license and e-money services authorization in 2019, and a TCMB e-money license in 2021. The company is owned 42.10% by Azizler Holding A.Ş., 40.00% by Cosmosbridge LTD, and 17.90% by other shareholders, with paid-in capital of 100,000,000 TL.

BPN's platform spans four core services: domestic money transfer (name-based transfers up to 50,000 TL and IBAN-based transfers up to 100,000 TL via the FAST instant payment infrastructure), international money transfer under an exclusive 2012 partnership with Western Union to 200+ countries and territories, utility bill payments (electricity, water, gas, phone, internet), and international mobile top-up through a DT One partnership covering 550+ operators in 160+ countries. The Kliq mobile wallet extends these capabilities into a digital self-serve channel and interoperates with Deutsche Post / DHL points. The underlying architecture is a distributed agent/point-of-presence network with SMS-based verification at representative terminals and direct integrations with Western Union, FAST, and DT One rails.

The company monetizes primarily through transaction fees on transfers and payment commissions on bill payments and top-ups, with all services usable without a bank account. Distribution is overwhelmingly physical: 2,267 active representative points (independent retailers, kiosks, telecom shops, and currency exchange offices) operate across all 81 Turkish provinces under a commission model with no upfront franchise fee — only a refundable security deposit. End customers are largely unbanked or underbanked consumers and migrant workers sending remittances. Marketing is a mix of SEO-optimized content (blog, fee calculator, PDF fee schedules), organic social media, and Western Union co-branded physical signage at representative points.

Name

BPN Agency

Legal name

BPN Ödeme ve Elektronik Para Hizmetleri A.Ş.

Website

https://bpn.com.tr

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

BPN is a Turkish licensed payment institution and e-money company operating a 2,267-point retail agent network that delivers domestic money transfers, Western Union international remittances, bill payments, and mobile top-ups to unbanked and underbanked consumers across Turkey.

Ownership category

akta.pro rank

Product category

Payment and Money Transfer Services

SIC

Finance Services (6199)

akta.pro primary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

akta.pro secondary industry

Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)

Keywords

• Money transfer services
• Payment institution services
• International remittances
• Bill payment services
• Mobile top-up distribution

Headquarters

HQ city

Istanbul

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Money Transfer Transaction Fees: BPN charges transaction fees on both domestic and international money transfers. Fees vary by transfer type, destination country, currency, and amount. The company provides an online fee calculator tool and publishes PDF fee schedules for domestic and international transfers. This is the primary revenue stream.
2. Bill Payment Commissions: BPN earns commissions on utility bill payments (electricity, water, gas, phone, internet) processed at its representative points across Turkey.
3. International Mobile Top-Up (DT One): Commissions earned on international mobile credit/top-up reloads to 550+ operators in 160+ countries, facilitated through the DT One partnership.
4. Representative Network Fees: Representatives pay a security deposit (teminat) which serves as collateral for daily transaction limits. No upfront franchise fee is charged, but the deposit is held and returned if the partnership ends.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

BPN Agency is a licensed Turkish payment institution and e-money services provider that operates a network of more than 2,000 representative points across all 81 provinces of Turkey. It sells domestic money transfers (including FAST instant IBAN transfers), international money transfers via an exclusive Western Union partnership, utility and telecom bill payments, and domestic/international mobile top-up services through its agents and its proprietary Kliq mobile wallet.

Product overview

BPN Ödeme & E-Para Hizmetleri is a licensed payment and e-money services company operating as a platform of money transfer and payment services across Turkey. The company's portfolio is built around its core Money Transfer platform, which encompasses Domestic Money Transfer, International Money Transfer (via Western Union), IBAN-based transfers, Bill Payment, and International Mobile Top-Up (via DT One), supported by a fee calculation tool. BPN distributes its services through a network of 2,000+ retail representative points across 81 cities in Turkey, processing transfers in minutes without requiring a bank account. The company also offers Kliq, a mobile wallet, as a digital channel complementing its physical agent network.

Differentiator

Problem solved

Functional benefit

Brands

• Kliq: Mobile wallet application offered by BPN in partnership with Western Union, enabling money transfers, deposits, withdrawals, and multi-language support.

Products and services

• Para Transferi (Money Transfer)

Quantifiable outcome

• Average transfer time for outgoing international transfers: 4 minutes
• +5 more outcomes

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core, minor and supporting.

• Western UnioncoreStrategic or Co-development Partner · 1 January 2012BPN is the first and only institution in Turkey to partner with Western Union in the retail sector. This exclusive partnership enables BPN to offer international money transfer services to 200+ countries and territories through Western Union's global network of 500,000+ service points. BPN's representatives act as Western Union agent points in Turkey. The partnership dates to 2012 when BPN entered into a long-term cooperation agreement with Western Union. Transfers are completed within minutes and recipients can collect cash without a bank account.
• Deutsche Post / DHLminorStrategic or Co-development PartnerBPN's Kliq mobile wallet can be accessed and used at Deutsche Post points, enabling deposit and withdrawal services. Deutsche Post locations serve as physical access points for the Kliq wallet ecosystem.
• DT OnesupportingTechnology or IntegrationDT One provides the technology platform and operator connections for BPN's international mobile top-up (yurtdışı kontör yükleme) service. Through this partnership, BPN representative points can reload mobile credit to 550+ operators across 160+ countries. DT One handles the technical connectivity to global mobile operators.
• Kliq (BPN Mobile Wallet)coreOthersKliq is BPN's proprietary mobile wallet application developed in-house. It enables easy deposit/withdrawal, secure transactions at BPN agent points, and multi-language support. The wallet is accessible at kliq.com.tr and positions BPN in the digital payments space alongside its physical network.

Scale indicators7 records

Recent moves10 records

Expansion highlights4 records

Broad incumbents

• Turkcell Paycell: Mobile wallet and payment service from Turkey's largest mobile operator, offering P2P transfers, bill payment, and merchant payments through a telco-distributed app; competes with BPN/Kliq for the same digital consumer base.
• İşbank (Türkiye İş Bankası): One of Turkey's largest commercial banks offering FAST-enabled IBAN transfers, bill payment, and money transfer through its own branch and digital channels; competes with BPN's domestic transfer business as part of a much broader financial services portfolio.
• Vodafone Pay: Mobile wallet from Vodafone Turkey enabling P2P transfers, bill payment, and in-store payments via the telco's subscriber base; comparable to BPN's Kliq wallet on digital payments and to its agent network on bill payment.

Direct peers

• MoneyGram: Global retail and digital international money transfer operator competing head-to-head with Western Union (and by extension BPN's WU-routed flows) for cross-border remittance volume, with a comparable agent-network-plus-app distribution model.
• Papara: Turkish fintech operating a digital wallet, money transfer, and bill payment platform targeting the same unbanked and underbanked consumer base as BPN, but with a mobile-first distribution model rather than a physical agent network.
• Remitly: Digital-first international remittance specialist serving diaspora senders into emerging markets including Turkey; competes with BPN on inbound remittance collection via mobile app rather than agent points.
• WorldRemit: Digital international money transfer operator offering mobile wallet, bank deposit, and cash pickup options across emerging-market corridors, overlapping with BPN's WU-routed cash pickup and FAST-based IBAN delivery services.
• Western Union: Global leader in retail international money transfer and BPN's exclusive retail partner in Turkey since 2012; offers overlapping cross-border money transfer services and competes for the same remittance senders and receivers via its own digital and retail channels.
• Wise (TransferWise): Digital-first cross-border money transfer and multi-currency account provider serving individuals and small businesses globally; competes with BPN's international transfer value proposition on price and convenience, particularly for banked senders.

Regional players

• PTT (Turkish Post): Turkish state postal operator offering domestic money orders, bill payment, and international money transfer through the largest physical postal network in Turkey, directly overlapping with BPN's agent-based money transfer and utility bill payment offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bpn_odeme
• YouTubeyoutube.com/channel/UCWf5-DCRY_hkUKDNfoE6r9g
• Facebookfacebook.com/bpnodeme
• LinkedInlinkedin.com/company/bpnodeme
• Instagraminstagram.com/bpnodeme

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

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 BPN Agency