XPP, the leading omnichannel payment service provider in frictionless payments for public transport and Oxivo Group, a multinational Dutch / Turkish conglomerate expert in unattended electronic payments, signed a groundbreaking partnership agreement. Together, they will introduce anew, revolutionary seamless payment service to the Turkish market that will fundamentally change how public transport payments are processed and experienced. This payment platform is an innovation, relevant to many European public transport providers.

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The first project that is taken on by XPPand Oxivo in this strategic alliance will combine XPP's innovative payment services, based on the Vayapay and Ginger platforms, with Oxivo's deep market expertise and established presence in Turkey. 

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“This partnership is a significant milestone in our development,” said Tom van der Poel, CEO at XPP. “Together, we are very strongly positioned to bring transactions in Turkey's public transport to the next level and will develop an infrastructure that multiple public transport companies in Europe will be able to benefit from.”

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“With this collaboration we combine the best of the Dutch and the Turkish fintech ecosystem to provide mobility providers with a unique payment technology infrastructure”, said Sezer Arslan, Founding Partner and CEO at Oxivo Group. “This technology can be used everywhere, in Asia and in Europe.”

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The partnership builds on both companies' shared vision to innovate the embedded payment process. Oxivo Group brings extensive experience in unattended electronic retail card payments such as vending, parking and EV-charging, and in end-to-end integrations in the IoT based machines world, while XPP contributes to the partnership with the omnichannel Smart Payment Platform. Together they are able to provide an innovative solution for public transport, disrupting the existing payment methodologies in the sector. This partnership contributes to Oxivo's strategy to extend its dominant position beyond unattended retail payment to public transportation's tap-to-pay.

For more information about this partnership and its implications for the Turkish market, please contact:

Cognito

Dina Akhmetova

dina.akhmetova@cognitomedia.nl

+31(0)6-82384426

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