CEO Ilker Sozdinler announced that the company’s expansion into Azerbaijan and acquisition of a new e-money license marked a significant milestone in their global strategy. He expressed the company’s commitment to introducing innovative solutions in the region and leading the financial transformation in Azerbaijan.
United Payment’s track record in financial technologies includes being certified in Open Banking and receiving approval for the FAST system, enabling users to easily send money to Easy Addresses. The company’s recent achievement of obtaining an e-money license from the Central Bank of Azerbaijan further solidifies its position as a leader in the region. This success is a result of their strategic focus on establishing a strong foundation before expanding.
According to the McKinsey Fintechs: A New Paradigm of Growth Report, the key to unlocking growth opportunities lies in concentrating on the local market and developing a robust core business. Research indicates that companies with a strong presence in their home market are 1.6 times more likely to outperform their peers. United Payment’s dedication to building a solid core has positioned them for continued success in the evolving financial landscape.