This calculated purchase marks a turning point in iyzico's efforts to broaden its market reach and enhance its portfolio. It is among the biggest purchases made by a Turkish IT business in the last few years.

With over a million merchants and six million customers under its belt, iyzico is committed to providing innovative, customer-focused financial technology solutions. Large businesses, their SME partners, and end users may all make digital payments using a single platform thanks to Paynet, which is renowned for its knowledge and experience in the B2B and B2B2C sectors.

By adding Paynet to its portfolio, iyzico is better equipped to provide a wider choice of solutions that cater to the changing demands of both consumers and companies. These businesses are positioned to reshape the fintech industry because of their shared dedication to quality and innovative approaches to the field.

Orkun Saitoglu, CEO of iyzico, stated, "We are excited to announce the agreement for the acquisition of Paynet, a move that underscores our dedication to driving innovation and value for our customers." "We're building a company that is incredibly well-positioned to create significant value for consumers, small businesses, merchants, and shareholders through this combination."

CEO of Arena Group Serkan Çelik commented, "We are excited that Paynet will join forces with iyzico and embark on this new chapter of growth and innovation." "With the combined experiences of iyzico and Paynet, the company will be well-positioned to enable individuals and businesses to prosper in an increasingly digital world."