Turkish digital payments company Papara has been ranked among the world's top 35 neobanks in the CNBC and Statista 'World's Top Fintech Companies 2024' report, making it the only Turkish brand to appear on the list. The company announced the recognition on 11 July 2024.
Papara has accumulated more than 20 million users in Turkey, offering a suite of services that includes digital wallets, prepaid cards, and international money transfers.
INTERNATIONAL EXPANSION THROUGH ACQUISITIONS
The company acquired Rebellion, a Spain-based neobank, in July 2023 and SadaPay, a Pakistan-based digital payments provider, in May 2024, expanding beyond its Turkish home market. Those acquisitions gave Papara operations across three markets.
The CNBC and Statista ranking assesses fintech companies against a range of growth and financial indicators.
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