SendUPT reduces the charges for money transfer from foreign countries by half.

01.08.2018

Aktif Bank, the largest privately-owned investment bank in Turkey, offers the opportunity to transfer money securely from foreign countries to Turkey rapidly and at a low cost through UPT operating as one of its subsidiaries. Dr.Serdar Sumer, CEO of Aktif Bank, said: “Achieving a total transaction volume of 1,65 million in the first month of 2018, our subsidiary UPT has introduced a new service titled SendUPT to enable our citizens living across the Europe to send money to their kinsmen in Turkey at a nearly 50% lower cost." Emphasizing that a money transfer of 1 million USD is performed annually just from Germany to Turkey, Mr. Sumer underlined that "We have set our sights on holding the 10% of the market initially through our innovative service titled SendUPT".

UPT, a subsidiary of Aktif Bank, the pioneer of new generation banking, triggers off a new era in international money transfer by means of its "SendUPT" service. Providing innovative solutions thanks to its path-breaking perspective, Aktif Bank provides the Turkish citizens, who are resident in the Europe, with the opportunity to send money to their relatives in Turkey in a rapidly, readily and cost-effective manner by making use of the new service of UPT, a subsidiary of Aktif Bank. The money, sent by means of the service that is accessible through the website or the mobile application by the users, can be withdrawn from 10 thousand points, including the PTT branches, in Turkey. SendUPT, whereby money can be transferred to an account, card or a name, provides service that is approximately 50 percent cheaper than the rates of its competitors.

Dr. Serdar Sumer: We have set our sights on the 10% of the market initially
Stating that more than six million Turkish citizens are living just across the Europe, Dr. Serdar Sumer, CEO of Aktif Bank, continued his words: "We have adopted a solution-oriented perspective to zoom on the money transfer issue that is experiences by our citizens living across the Europe to transfer money to their kinsmen in Turkey. Users can send money just in approximately one minute on the website or the mobile application. What's more; it is at a nearly 50% lower cost." Stressing that a money transfer of 1 million USD is performed annually just from Germany to Turkey, Dr. Serdar Sumer said: "UPT has been playing the role of a playmaker in its own field since the day it was first incorporated. With our newly-developed service titled SendUPT, we have already set our sights on holding the 10% of the market."

Serhan Kavi: Every stage of money transfer process is traceable
Stating that a Turkish citizen, wishing to send EUR 100 to Turkey from Europe and therefor incurring a charge of nearly EUR 40 previously, can now send EUR 100 at a charge down to EUR 20 thanks to SendUPT, Serhan Kavi, CEO of UPT, said: "Leveraging on our innovative character in a world where technology is ever developing, we have introduced the service of SendUPT. This service enables our citizens living across the Europe to send money to Turkey more rapidly and more easily at a lower cost. We have established an eco-system with our business partners, providing us the opportunity to offer our services at a nearly 50% lower cost." Emphasizing that they, as UPT, provide service at 400 thousand service locations in nearly 200 countries at home and abroad, and that the service of SendUPT enables for performance of money transfer even to the regions where there is not any bank branch, Mr. Kavi said: "Money can ve withdrawn from 10 thousand service locations including 4 thousand 750 PTT (Turkish Mail Administration) branches across Turkey."

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