Headline: MoneyPay and Colendi Launch Partnership Bringing BIST Transactions to Mobile Users
Foreks - Colendi Securities, offering integrated financial solutions and traditional brokerage services under one roof, has partnered with MoneyPay to provide users with the ability to invest quickly, easily, and securely on Borsa Istanbul (BIST). Through this collaboration, MoneyPay users can now conduct BIST transactions directly via Colendi Securities' infrastructure.
Migros’ digital payment and financial solutions platform, MoneyPay, and Colendi Securities have taken a significant step to enable investors to manage their portfolios on Borsa Istanbul effectively and securely. MoneyPay users can now select Colendi Securities from the favorites section of the mobile app to become shareholders in companies listed on BIST and manage their portfolios. This allows app users to perform BIST transactions conveniently and securely, anytime, anywhere, and track market developments in real-time. Moreover, there is no need to be a bank customer to perform BIST transactions on the MoneyPay app.
Mehmet Müstehlik, General Manager of MoneyPay, emphasized the importance of the collaboration, saying: "Since receiving an official activity license from the Central Bank of Turkey in 2022 as an electronic money institution and payment service provider, MoneyPay has been adding innovative and accessible financial services to its portfolio to meet the changing and evolving financial needs of our customers. Through this strategic collaboration with Colendi, our users can now access investment opportunities more easily by trading on Borsa Istanbul. This is an important step in both increasing financial literacy and offering more opportunities to investors. Our users can effortlessly manage their portfolios by selecting Colendi Securities through our mobile application. Our aim is to bring financial services to a broader audience and enrich each user’s shopping and investment experience. Additionally, with this collaboration, we aim to help MoneyPay users make more effective use of the advantages they gain.”
Tuna Çetinkaya, General Manager of Colendi Securities, commented: "At Colendi, we are working to facilitate access to financial instruments. We have taken an important step in this direction through our collaboration with Migros (IS:MGROS). As Colendi Securities, we are always advancing the investor experience. So far, we have implemented integrated solutions allowing investors to easily trade on leading global exchanges, including the New York Stock Exchange (NYSE) and NASDAQ, besides Borsa Istanbul. By partnering with the US-based global fintech investment platform Drivewealth, a pioneer in fractional share trading, we have enabled Turkish investors to trade in the US on a fractional basis. Now, we are providing users of one of our country’s leading digital payment platforms, Money, with the ability to conduct stock exchange transactions easily and securely. This ensures that our investors can manage their portfolios from anywhere, at any time. We will continue to enhance our customers' investment experience and extend access to financial services with our integrated financial solutions."