Pavo Finansal Teknoloji Çözümleri

What Pavo Finansal Teknoloji Çözümleri does

Pavo Finansal Teknoloji Çözümleri A.Ş. is a Turkish financial technology company founded in 2013, operating as a subsidiary of Aktif Bank. The company specializes in Android-based POS (Point of Sale) terminals and integrated payment processing solutions for the Turkish market. Pavo holds two critical regulatory licenses that establish significant barriers to entry: it is one of only four companies licensed as an Operator Organization (İşletici Kuruluş) by the Turkish Revenue Administration (GİB) under VUK 507, and it holds a Special Integrator license for electronic documentation (e-Fatura, e-Arşiv Fatura). The company also became the pioneer recipient of External Sales Integration approval from GİB in 2023.

Pavo's product portfolio includes six Android POS terminal models (N86, N86 Pro, N6 Pro, UN20, CT20, N96) ranging from mobile units to ruggedized desktop terminals with PCI 6.x/7.x, EMV, and ATEX certifications. The software layer comprises Pavo Pay (sales portal and collection management), Pavo Indus (enterprise platform for payment service providers), Güvenli Mali Uygulama (Secure Fiscal Application for regulatory compliance), and e-Belge (electronic document services). Pavo's Android POS devices uniquely support both BKM TechPOS protocol and native bank integration simultaneously.

The company operates a 250,000-device managed network across Turkey, distributed through 100+ dealers and branch offices in Istanbul, Izmir, and Ankara. Its ecosystem includes integrations with 17+ banks (Akbank, Isbank, Garanti BBVA, Halkbank, Vakifbank, Yapikredi, Ziraatbank, among others), 15+ payment organizations (Papara, Payco, Sipay, Birlesik Odeme, Elekse, Param, Nomupay, Vepara), and 120+ software companies (Kolaysoft, Poscube, Notitek). Revenue derives from hardware sales, transaction fees, special integrator licensing fees, Pavo Indus enterprise subscriptions, and managed services. Pavo serves primary customer segments including retail chains, restaurants and cafes, pharmacies (via Eczacipos with Kolaysoft), healthcare providers, transportation operators, and professional groups (SMMM/chartered accountants), with vertical-specific solutions in unattended POS for vending and transportation.

Name

Pavo Finansal Teknoloji Çözümleri

Legal name

Pavo Finansal Teknoloji Çözümleri Anonim Şirketi

Website

https://pavo.com.tr

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Short description

Pavo Finansal Teknoloji Çözümleri is a Turkish financial technology company and Aktif Bank subsidiary that provides Android-based POS terminals, payment processing, and regulated electronic documentation solutions to banks, payment organizations, and merchants across Turkey under GİB-issued licenses.

Ownership category

akta.pro rank

Product category

Payment Technology / POS Solutions

NAICS

Computer Terminal and Other Computer Peripheral Equipment Manufacturing (334118), Computer and Computer Peripheral Equipment and Software Merchant Wholesalers (42343), Software Publishers (5132)

SIC

Computer Terminals (3575), Wholesale-Computers & Peripheral Equipment & Software (5045)

akta.pro industry

PRIMARYFSAMADAC

POS Payment Software & Middleware (Terminal OS, Apps, Device Management)

Financial & Insurance/Payments & Transaction Processing/Point-of-Sale (POS) Payments & Terminals

SECONDARYFSAMADAD

Integrated POS Payments (ISVs & Vertical POS Platforms)

Financial & Insurance/Payments & Transaction Processing/Point-of-Sale (POS) Payments & Terminals

SECONDARYHDACAKAB

Mobile POS (mPOS) Devices & Handheld Terminals

Hardware, Technology & Telecom/Computing Hardware & Peripherals/POS & Retail Computing Hardware

SECONDARYFSAMADAA

POS Terminal Hardware (Countertop, Mobile, PIN Pads)

Financial & Insurance/Payments & Transaction Processing/Point-of-Sale (POS) Payments & Terminals

Keywords

• Android pos terminals
• Payment processing services
• Electronic document solutions
• Fintech payment platforms
• Pos hardware distribution

Headquarters

HQ city

Istanbul

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Android POS Device Sales: Pavo sells Android-based POS hardware devices (N86, N86 Pro, N6 Pro, UN20, CT20, N96) to merchants, businesses, and financial institutions. Device sales represent a one-time hardware revenue stream supplemented by ongoing service contracts.
2. Payment Processing / Transaction Fees: Pavo generates recurring transaction-based revenue through its Operator Organization license by facilitating payment processing across its device network. Merchants pay transaction fees per payment processed through Pavo's POS infrastructure.
3. Special Integrator Licensing (e-Belge): Revenue from e-invoice, e-archive invoice, and electronic document services as an officially licensed special integrator. Businesses pay for electronic document issuance, storage, and transmission services.
4. Pavo Indus Enterprise Platform: Pavo Indus is a corporate payment and collection platform for payment service providers. Revenue is derived from licensing the platform to financial institutions and PF (payment service provider) companies, enabling bank prioritization, installment/campaign management, and POS fleet management.
5. Pavo Pay SaaS Management: Pavo Pay provides a centralized panel for managing bank administration and collection processes. Revenue likely derives from subscription or per-merchant licensing fees for the platform.
6. Operator Organization License Services: As an Operator Organization licensed by the Turkish Ministry of Treasury and Finance, Pavo provides end-to-end payment infrastructure services including payment acceptance, routing, and regulatory compliance for partner banks, payment organizations, and merchants.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Pavo designs, manufactures, and distributes Android-based POS terminals and operates a payment technology platform serving merchants, banks, and payment organizations across Turkey. As a licensed Operator Organization and Special Integrator under Turkish regulations, the company bundles payment acceptance, e-document (e-invoice, e-archive, e-receipt) generation, and collection management into a single integrated solution delivered via its proprietary Pavo Pay and Pavo Indus software platforms.

Product overview

Pavo is a next-generation payment technology company operating as part of the Aktif Bank financial technology ecosystem. The company offers a unified platform centered on Android-based POS (Point of Sale) terminals complemented by software services. The hardware portfolio includes six distinct POS devices: Pavo N86 Mobil POS, Pavo N86 Pro Android POS, Pavo N6 PRO Android POS, Pavo UN20 Android POS, Pavo CT20 Desktop Android POS, and Pavo N96 POS. These devices range from compact mobile units to desktop terminals, with varying features including built-in printers, rugged certifications (IP54/IP65, ATEX), and temperature resistance. The software layer consists of Pavo Pay (sales portal and collection management), Pavo Indus (enterprise payment/collection platform for payment service providers), Güvenli Mali Uygulama (GMU - Secure Fiscal Application for compliance), Özel Entegratörlük (e-Document services), Harici Satış Entegrasyonu (external sales integration), and related accessories. The company holds Operator Entity and Special Integrator licenses and serves over 200,000 Android POS devices.

Differentiator

Problem solved

Functional benefit

Brands

• Pavo Pay: Bank management and collection processes via POS and mobile devices, dealer management, and non-cash collection reporting.
• Pavo Indus

Products and services

• Pavo N86 Mobil POS Android-based mobile POS terminal with quad-core processor, built-in thermal printer, card readers (magnetic stripe, EMV chip, contactless/NFC), QR code scanning, GPS/GLONASS/BEIDOU connectivity, and PCI 5 certification for secure payment acceptance. Targeted at merchants needing portable payment acceptance.
• Pavo N86 Pro Android POS Premium Android POS terminal with 5.5-inch HD color touchscreen, Android 13 OS, 2.0 GHz processor, 32GB storage / 2GB RAM, built-in thermal printer, and support for magnetic stripe, EMV chip, contactless cards, and QR payments. Targeted at merchants needing an upgraded countertop POS.
• Pavo N6 PRO Android POS (Printersiz) Android 13-based POS terminal without built-in printer, featuring quad-core / octa-core processor, 5.5-inch HD display, 4G/3G/2G and WiFi connectivity, dual cameras, and certifications including CE, ATEX, IP54, PCI 6/7.x, EMV 3.0. Designed for merchants with separate printer infrastructure or rugged-environment use.
• Pavo UN20 Android POS Compact Android 11 mini POS computer with rugged design (IP65, IK08, ATEX certified), operating in -20°C to +70°C temperatures, supporting BKM TechPOS, multiple connectivity options (4G, WiFi, LAN, Bluetooth), HDMI output for dual-monitor setup, and Mini PC functionality. Designed for unattended and harsh-environment deployments.
• PAVO CT20 Masaüstü Android POS (Printerlı) Desktop Android POS terminal with integrated printer, Android 11 quad-core processor, 4-inch HD touchscreen, 15 physical keys, supporting 4G/3G/2G, WiFi, LAN, and multiple connectivity ports. Designed for traditional checkout counters.
• Pavo N96 POS Android 11-based POS terminal with 6.5-inch HD display (1280x800 resolution), 3050 mAh battery, high-pressure printing capability, white LED fill light, Turkish QR code payment support, Secure Fiscal Application (GMU), and BKM TechPOS integration. Targeted at merchants needing a large-screen Android POS.
• Pavo Pay Management panel for bank administration and collection processes via POS and mobile devices, with user-defined accounts for field operations, dealer management, and price updates, supporting card, transfer/EFT, and digital channel non-cash collections. Served at pavopay.pavo.com.tr.
• Pavo Indus Enterprise payment and collection platform that extends virtual POS capabilities of payment organizations into the physical POS world, enabling high-volume collection, routing, and operations management including bank prioritization, installment/campaign management, and group-based POS device management. Sold to payment service providers and financial institutions.
• Güvenli Mali Uygulama (GMU) Secure Fiscal Application that ensures all transactions in the e-Documentation System start and end securely, serving as the central system and endpoint software that other applications connect to for compliant payment and collection processing per VUK 507.
• Özel Entegratörlük (Special Integrator e-Document) Special Integrator service for electronic invoicing (e-Fatura, e-Arşiv Fatura, e-Serbest Meslek Makbuzu) enabling businesses to create, transmit, store, and present fiscal documents electronically with cost savings, easy integration, and unlimited user authorization, under GIB regulation.
• Harici Satış Entegrasyonu (External Sales Integration) External Sales Integration service allowing third-party sales applications to work alongside the Secure Fiscal Application, supporting IP REST and APP-TO-APP integration models on Pavo Pay. Provides GIB-compliant integration for third-party POS software.

Quantifiable outcome

• 250,000 device network managed since 2013
• +4 more outcomes

Named customers14 records

Segments9 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature8 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• KolaysoftcoreStrategic or Co-development Partner · 24 December 2024Kolaysoft Teknoloji A.S. partnered with Pavo to develop Eczacipos, a specialized payment and documentation solution for pharmacists. This collaboration won the Gold award in the 'Ecosystem Development Partnerships' category at Mastercard PSM Awards 2024, demonstrating the joint value created for the pharmacy sector.
• PoscubecoreTechnology or Integration · 23 September 2024Poscube, an Ankara-based technology and software company serving the cafe and restaurant sector for 20 years, partnered with Pavo to integrate its Android POS devices and innovative applications into its sector-specific software. The integration has been completed in over 50 business locations, delivering cost and time advantages for market, cafe, fast-moving consumer goods, and restaurant sector businesses, with plans to expand to kiosk, desktop, and mobile applications.
• İESOB (İstanbul Esnaf ve Sanatkarlar Odaları Birliği)minorGTM or Marketing Partner · 15 August 2024Pavo partnered with İESOB (Istanbul Tradesmen and Artisans Chambers Union) along with PayByMe, Narpos, and Valletta to deliver new-generation payment and collection solutions to Istanbul's small businesses and artisans.
• PaycocoreGTM or Marketing Partner · 12 August 2024Payco, a secure and innovative payment platform, partnered with Pavo to extend its services to physical POS terminals. Pavo provides its new-generation Android physical POS services to Payco, enabling the platform to offer offline merchant payment acceptance. Pavo's strong R&D capabilities and customer-oriented approach combine with Payco's fast money transfers and digital services to deliver secure, user-friendly, and sustainable solutions in the fintech sector.
• VeparaminorGTM or Marketing PartnerVepara Elektronik Para ve Ödeme Hizmetleri A.S. partnered with Pavo on the Manisa launch of the 'Tek Sehir 3 Ayrı Lansman' (One City 3 Separate Launch) digital transformation project, co-hosting events with the Manisa SMMM Chamber.
• SipayminorGTM or Marketing PartnerSipay partnered with Pavo on the Fethiye launch event of the Digital Transformation Project, co-hosting with the Fethiye SMMM Chamber. Sipay is also a user of the Pavo Indus platform.
• PaynkolayminorGTM or Marketing PartnerPaynkolay partnered with Pavo on the Manisa and Balikesir launch events of the Digital Transformation Project, co-hosting with local SMMM chambers.
• PaparacoreGTM or Marketing PartnerPapara, a major Turkish digital payment platform, uses the Pavo Indus platform for managing its physical POS infrastructure, bank prioritization, and collection operations. Pavo enables Papara to extend its digital payment services to physical merchant locations.
• ElekseminorGTM or Marketing PartnerElekse uses the Pavo Indus platform for payment organization services, managing physical POS infrastructure.
• ParamminorGTM or Marketing PartnerParam uses the Pavo Indus platform for payment organization services.
• NomupayminorGTM or Marketing PartnerNomupay uses the Pavo Indus platform for payment organization services.
• Birlesik OdememinorGTM or Marketing PartnerBirlesik Odeme uses the Pavo Indus platform for payment organization services.

Scale indicators9 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Papara: Major Turkish fintech and payment institution that uses Pavo Indus for physical POS infrastructure but also competes in the broader Turkish payment and merchant services market. Closely comparable target customer and product overlap.
• İyzico: Turkey-based digital payment platform offering online and physical POS solutions. Direct peer operating in the same Turkish merchant payments market, competing for SMB and enterprise merchants with overlapping e-commerce and POS capabilities.
• Param: Turkish electronic money and payment services institution leveraging Pavo Indus. Comparable peer in Turkish payment organization space serving merchants with card and digital payment products.
• Sipay: Turkish payment organization that both uses Pavo Indus and competes in adjacent payment services. Comparable in Turkish payment institution positioning and merchant acquisition focus.
• Birleşik Ödeme: Turkish payment organization using Pavo Indus. Comparable peer operating in Turkish payment processing and merchant services with overlapping customer base.
• Payco: Turkish payment platform that partnered with Pavo for physical POS but also offers its own payment and merchant services. Directly comparable in Turkish digital and physical merchant payments.

Broad incumbents

• PAX Technology: Major global POS terminal manufacturer with strong Android POS lineup. Directly comparable hardware peer competing with Pavo on Android-based terminals in emerging and developed markets.
• Square (Block): Integrated commerce platform combining mobile POS hardware with software and payments. Comparable in Android/mobile POS and merchant services, though primarily SMB-focused globally rather than Turkey.
• Verifone: Global leader in POS hardware and integrated payment solutions. Broad incumbent whose Android POS terminals directly compete with Pavo's N-series devices in Turkey and globally.
• Ingenico (Worldline): Global POS hardware and payment services provider under Worldline. Comparable broad incumbent whose Android POS terminals and merchant services compete with Pavo's offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance16 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Pavo Finansal Teknoloji Çözümleri