Türk Telekom BYS

What Türk Telekom BYS does

Türk Telekom Biriktirme ve Yardım Sandığı (BYS) is a legally constituted mutual aid fund (sandık) — Türkiye's first, established under Law 4157 in 1941 and reorganized as a separate Türk Telekom-Group entity in 2001 via Law 4673. Membership is exclusive to employees of Türk Telekom AŞ and its majority-owned subsidiaries (≥50% ownership, including TT International, Innova, Sebit, Argela, Assistt, TT Destek); enrollment is automatic through the parent company's payroll system via monthly contributions called "aidat" (minimum 350 TRY, no upper cap).

The product platform centers on four member-only investment funds — Yaşam Destek Fonu (YDF), İsteğe Bağlı Yaşam Destek Fonu (İBYDF), BYS Yatırım Fonu (BYF), and Katılım Fonu (KAF) — alongside a tiered-rate consumer lending book (Platin Nakit Borçlandırma, 2.29–3.30% monthly, tax-exempt from BSMV/KKDF) accessed through the PlatinCard co-branded payment instrument and a self-service portal/mobile app with biometric authentication. A package of social assistance benefits (death, disability, birth, education, marriage, stationery) is funded from surpluses. Distribution is entirely direct-to-member: 14 regional directorates and 98 elected delegates provide in-person servicing, with general assemblies and delegate consultation meetings held in major cities.

Revenue is generated through member contributions (recurring subscription-equivalent), net interest on the lending book, fund management fees (1–5% of monthly gross revenue), and commercial activity through wholly-owned subsidiaries — TT Platin Sigorta (insurance brokerage commission), Platin BYS Otomotiv (auto sales/rental), vitrindenal.com (e-commerce), BYS Turizm (travel), and a real estate portfolio — plus a growing discount-partner ecosystem across healthcare, education, automotive, and hospitality. Türk Telekom AŞ is the controlling entity by virtue of its employee base and board influence.

Name

Türk Telekom BYS

Legal name

Türk Telekom Biriktirme ve Yardım Sandığı

Website

https://turktelekombys.com.tr

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1–10 employees

Short description

Türk Telekom BYS is a Türkiye-based mutual aid fund (sandık) exclusively serving Türk Telekom AŞ Group employees through payroll-deducted contributions, offering member-only savings and investment funds, tax-exempt consumer lending via the PlatinCard, social assistance benefits, and discount-partner services across healthcare, education, and lifestyle.

Ownership category

akta.pro rank

Product category

Mutual Aid Fund / Employee Savings & Loan Services

NAICS

Trusts, Estates, and Agency Accounts (52592), Credit Unions (522130), Depository Credit Intermediation (5221), Health and Welfare Funds (52512)

SIC

Miscellaneous Business Credit Institution (6159), Finance Services (6199)

akta.pro primary industry

Trust Administration & Fiduciary Accounting Services (FSAAANAF)

akta.pro secondary industries

Philanthropic & Charitable Trust Services (FSAAANAI), Fiduciary Agency & Trustee-for-Hire Services (FSAAANAL)

Keywords

• Mutual aid fund
• Employee savings program
• Savings and loans services
• Social assistance benefits
• Insurance brokerage services

Headquarters

HQ city

Ankara

HQ country

Türkiye

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Membership Contributions (Aidat): Monthly contributions deducted from members' salaries. Minimum contribution is 350 TL with no upper limit. Members can choose their contribution amount during enrollment and modify it later through online services.
2. Loan Interest Income: Revenue generated from Platin Nakit Borçlandırma (PNB) loans extended to members. Interest rates vary by loan term: 1-12 months at 2.29%, 13-24 months at 2.75%, and 25-36 months at 3.30%. No BSMV or KKDF taxes apply, unlike bank consumer loans.
3. Fund Investment Returns: Four investment funds generate returns: Yaşam Destek Fonu (YDF), İsteğe Bağlı Yaşam Destek Fonu (İBYDF), BYS Yatırım Fonu (BYF), and Katılım Fonu (KAF). Operating expenses of 1-5% of monthly gross revenues are deducted as fund management fees.
4. Commercial Activities Revenue: Revenue from subsidiaries and commercial operations including TT Platin Sigorta (insurance brokerage), Platin BYS Otomotiv (automotive sales and rental), e-commerce platform vitrindenal.com, tourism services, and real estate rentals.
5. Insurance Brokerage Commission: TT Platin Sigorta generates commissions from insurance product sales to members including DASK, home, health, vehicle, and pension insurance.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Türk Telekom BYS (Biriktirme ve Yardım Sandığı) is a mutual aid fund exclusively serving Türk Telekom AŞ and its majority-owned subsidiary employees. The fund provides monthly payroll-deducted savings accumulation, low-interest collateral-free cash loans (Platin Nakit Borçlandırma), four investment funds with profit-sharing, social assistance for life events (death, birth, education, marriage, disability), insurance brokerage, and access to commercial services including e-commerce, tourism, automotive, and real estate through wholly-owned subsidiaries.

Product overview

Türk Telekom BYS operates as a comprehensive savings and mutual assistance fund (Biriktirme ve Yardım Sandığı) for Türk Telekom employees. The offering consists of a core membership platform with integrated financial services including PlatinCard (a co-branded payment card), BYS Funds (Yaşam Destek Fonu, İsteğe Bağlı Yaşam Destek Fonu, BYS Yatırım Fonu, and Katılım Fonu) for savings and profit-sharing, and lending/borrowing services. The portfolio extends to commercial subsidiaries covering tourism services, e-commerce (vitrindenal.com), insurance (TT Platin Sigorta), automotive services, and real estate management. Social assistance programs include death benefits, disability assistance, birth grants, education support, and wedding gifts. Members access services through an online portal and mobile applications.

Differentiator

Problem solved

Functional benefit

Brands

• PlatinCard: A branded payment card that provides cash limit and shopping benefits to fund members
• BYS Turizm
• BYS E-Ticaret
• BYS Sigorta
• BYS Gayrimenkul

Quantifiable outcome

• 2022 profit share rates of 42.96% for BYS1 and 37.38% for BYS2, the highest in fund history
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

15 partnerships are on record, tiered minor.

• A Clinica Dent (A Clinika Dent)minorOthers · 27 June 2022Partnership with A Clinica Dent Sağlık Hizmetleri ve Sağlık Turizm AŞ for discounted dental healthcare services. Located in Ankara.
• Maltepe Üniversitesi Tıp Fakültesi HastaneleriminorOthersDiscounted health services agreement with Maltepe University Faculty of Medicine Hospital in Istanbul Maltepe.
• Fizyoform Sağlıklı Yaşam MerkeziminorOthersDiscounted health services agreement covering 14 provinces and 18 locations through Fizyoform Health Centers.
• İstanbul Okan ÜniversitesiminorOthersGraduate education partnership offering 40-50% discount on master's and doctoral programs for members and their families.
• Beykent ÜniversitesiminorOthersGraduate education partnership offering 40% discount on master's and doctoral programs (except Clinical Psychology and Occupational Health and Safety).
• Ostim Teknik ÜniversitesiminorOthersEducation partnership offering 25% discount on master's programs and continuing education, with 30% for groups of 10 or more.
• TEOL Dil KurslarıminorOthersForeign language education partnership with 50%+15% discount on non-promotional programs and 15% on promotional programs across 15 provinces and 22 locations.
• Medicana Eğitim Grubu MBA OkullarıminorOthersK-12 education partnership offering 30% discount on school fees at MBA Schools campuses across Istanbul, Ankara, Adana, Bursa, Eskişehir, Kahramanmaraş, and Sivas.
• Arca Grup Otomotiv AŞminorOthersAutomotive maintenance partnership with 7.5% discount on spare parts, 25% on labor, free first tire change and storage, for Volkswagen, Audi, Porsche, Seat, and Cupra vehicles.
• Zeplin Oto KiralamaminorOthersCar rental partnership offering 10% discount with promo code 'TTBYS' at offices in Istanbul, Izmir, Ankara, Antalya, and other cities.
• Bürokrat Evi OtelminorOthersAccommodation partnership offering 20% discount for members in Ankara Bahçelievler location.
• Vilayetler Evi OtelleriminorOthersAccommodation partnership with 15 locations across Turkey at member prices for members and first-degree relatives.
• İnfo Yatırım Menkul Değerler A.Ş.minorOthersFinancial services partnership since 1994 for capital markets activities.
• Gelecek AtölyesiminorOthersEducation agreement for children aged 4-18 providing discounted educational services.
• Düzakın Psikolojik Özel Eğitim Çocuk Gelişim MerkeziminorOthersPsychological counseling and child development services partnership in Ankara.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Yapı Kredi Bankası Mensupları Emekli ve Yardım Sandığı Vakfı: Yapı Kredi maintains a foundation-based employee aid and retirement fund for its bank staff, structured around pooled contributions, low-cost lending, and social benefits. The model, scale (large bank employee base), and benefit offerings are directly analogous to Türk Telekom BYS' corporate-fund structure.
• OYAK (Ordu Yardımlaşma Kurumu): OYAK is Turkey's largest armed forces mutual aid/pension fund, operating since 1961 with a similar pooled-contribution model that provides savings, lending, insurance, housing, and automotive (OYAK Renault) services to a captive member base. Its diversified subsidiary portfolio and profit-distribution structure directly parallel Türk Telekom BYS' operating model.
• Garanti BBVA Mensupları Emekli ve Yardım Sandığı Vakfı: Garanti BBVA operates a foundation-based employee retirement and aid fund providing savings, lending, and welfare benefits to its banking workforce. It applies the same Turkish vakıf/sandık mutual-benefit structure with monthly contributions and profit distribution, directly comparable to Türk Telekom BYS.
• Türk Hava Yolları (THY) Personeli Yardımlaşma Sandığı: Turkish Airlines operates a corporate employee savings and aid fund for its tens of thousands of staff, following the same sandık structure with monthly contributions, low-cost lending, and profit sharing. The captive corporate-airline-employee base and ancillary services mirror Türk Telekom BYS' telecommunications employee focus.
• Koç Holding Emekli ve Yardım Sandığı Vakfı: Koç Holding, Turkey's largest conglomerate, maintains corporate employee benefit and aid funds across its group companies with pooled savings, lending, and welfare services. The diversified industrial employee base (auto, white goods, finance) creates a broader analog to Türk Telekom BYS' telecom-employee focus.
• PTT Personeli Biriktirme ve Yardım Sandığı: The sibling entity created when Law 4673 split PTT Biriktirme ve Yardım Sandığı in 2001 into separate postal and telecom employee funds. PTT BYS operates the same sandık model for PTT personnel, providing directly comparable savings, lending, and social-assistance services to a captive civil-servant member base.

Broad incumbents

• Allianz Hayat ve Emeklilik: A leading private pension and life insurer in Turkey, offering individual and group BES plans, life insurance, and investment-linked products. Its group-pension offerings overlap with Türk Telekom BYS' employee savings/investment funds, though it serves the open market rather than a single corporate base.
• Anadolu Hayat Emeklilik: Turkey's largest private pension and life insurance company, operating in the BES (Bireysel Emeklilik Sistemi) market. While serving the open market rather than a captive corporate base, it competes with Türk Telekom BYS' KAF and BYF investment funds for member retirement savings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/t%C3%BCrk-telekom-bys

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 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 Türk Telekom BYS