$300 Million Offer for Papara's Minority Shares
There is a new payment company that has become increasingly used recently. This company, as many of us can guess…
There is a new payment company that has become increasingly used recently. This company, as many of us can guess…
There is a new payment company that has become increasingly used recently. This company, as many of us can guess, papara. Papara, a local organization, managed to attract the attention of consumers with the slogan "Financial Freedom". However, it seems that Papara is not only a target for consumers. investors has also managed to attract attention.
According to information obtained by Reuters, Papara, part of the minority shares trying to sell. It is stated that foreign fintech companies are more interested in this matter than the company that authorized Raiffesien Bank. Moreover, for Papara's minority shares $250 to $300 million It is reported that offers are coming in between. It is currently unknown how much minority shares of the company, which has a capital of 7 million TL, will be sold.
Papara offers nearly 4 million users free offers money transfer service. You can also make foreign currency transfers using this application. Meanwhile, Papara's Under the control of the Central Bank It should also be noted that it does not pose any risk to users. This local payment now seems to be considering selling its minority shares.
Papara is not a very new organization, although it has become increasingly popular lately. in 2016 It is stated that over 100 billion TL of transactions have been made to date in Papara, which started to provide services. In addition, the company has recently become more popular with its advertising on television channels. This situation caused Papara to transaction volume This seems to be an indication that it will increase with greater momentum in the future.
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