iPara is Turkey's first online payment service provider, founded in 2012 as iPara Information Technologies Inc. The company has played a significant role in directing users and member merchants towards online shopping with innovative and market-shaping solutions. With a commitment to constantly improving its product and service range, iPara has focused on providing value-added services to member merchants and business partners.
Notably, on June 27, 2013, under Law No. 6493 on Payment and Securities Settlement Systems, Payment Services, and Electronic Money Institutions, and the related regulation and communiqué dated June 27, 2014, iPara initiated the license application process with the Banking Regulation and Supervision Agency (BDDK) under the name Aypara Payment Institution Inc., and successfully fulfilled all requirements by August 23, 2017, becoming the holder of the BDDK license.
iPara holds the authorized institution license from the Central Bank of Turkey (TCMB) and is certified with the Payment Card Industry Data Security Standard (PCI-DSS) for receiving credit card payments, ensuring the security of transactions.
Specializing in the e-commerce and payments industries, iPara is headquartered in Turkey. As of now, there is no publicly available information about the last investment or investors associated with the company.
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