a leading international payment technologies provider, today announced
that it has launched a new international growth strategy to become a
global leader in financial technology. After recording a nearly 50
percent growth in revenue in 2016, the company will continue to be led
by Executive Chairwoman Ayse Nil Sarigöllü, while undergoing
organizational upgrades in 2017.
MV Holding and Revo Capital acquired a 24 percent stake in Cardtek in
2016 and now Turgut Güney, one of the sector's most experienced figures,
is joining the Cardtek Holding's management team as CEO. Having set its
target of becoming a global technology giant, Cardtek has simplified its
partnership structure and added top-level professionals at a global
level to its organisational structure.
"Our focus is the global market, and becoming one of the leaders in this
market," said Ayse Nil Sarigöllü, Executive Chairwoman for Cardtek. "We
saw the benefits of our determined efforts to this end in 2016. With a
49 percent increase in turnover, our group achieved significant growth
in the sector. The strength provided by MV Holding and Revo Capital
played an important role in this success. As the second major step in
our globalisation plan, we simplified our partnership structure and are
transforming the company with a new management team. As part of this
strategy, Turgut Güney, a highly respected industry thoughtleader, has
joined us as Cardtek Holding CEO. Alongside this, we are also focusing
on international growth and investor relations. In order to effectively
manage this process, we are preparing to open a new office in Silicon
Valley. With our enhanced staff and management team, sound financial
structure and market-leading products and solutions, we are taking firm
steps towards becoming a global leader."
To date, Cardtek has been the pioneers of more than 20 "global firsts".
With its powerful international partnerships and new generation
technological solutions, the company continues to make rapid inroads
into new territories. The company played a key role in revolutionising
public transport in India, by not only facilitating the move to the use
of cards on Bangalore's buses but also introducing the use of both
contact and contactless cards. In the near future, both contact and
contactless bankcards will be accepted on the Kochi metro thanks to
In the last year, Cardtek has partnered with many of the top players in
the financial sector - including NXP, one of the top 10 microelectronic
companies in America and Europe's second biggest chip manufacturer, in
order to facilitate innovative solutions in wearable technology. Cardtek
has also partnered with DC Payments, Canada's largest integrated payment
systems solution provider, and Emcredit,
a subsidiary of the Dubai Economic Department (DED), to launch the
secure mobile payment platform, empay, offering United Arab Emirates
residents a national mobile wallet solution.
Cardtek will be continuing its strategy for growth and pioneering on an
international scale with more innovative projects and global firsts in
the pipeline for 2017 and beyond.
About Cardtek:Since 2001, Cardtek has provided innovative
end-to-end payment solutions to more than 150 customers in 25 countries,
including financial institutions, processors, telecom operators,
personalization bureaus, retailers, terminal and card vendors, and
public transportation authorities. Cardtek is a leading player in
emerging mobile payment, open-loop transit and wearable payment
technologies. With 15 years of experience in EMV, Cardtek is offering
well-established solutions to the US market from its new Silicon Valley
Office. For more information, visit http://www.cardtek.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170417005898/en/
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