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Wallet Database

CEPTETEB Mobile Wallet

22nd of February 2017


User Experience

  • Registration & set up: After login to CEPTETEB, users should enter card settings menu and activate contactless payment for their credit card. They also can change their contactless payment limit for a statement period

  • Making a payment: Contactless payment initiated by bringing the phone close to the NFC terminal. No need to open the app, just unblocking the phone. No need to authorise the transactions for amounts under 50 TL. Otherwise authorise with PIN

Payment Flows & Technology

  • Merchant perspective: For IDO QR Code based payment, transaction is made via virtual POS system which is integrated to QR reader to take payment. Payment is taken and transferred to merchants account instantly. For contactless payment, the transaction process for merchant is similar with payment with physical card that supports NFC contactless payment. Merchant only needs to have POS machine that supports contactless payment

  • Security: QR code is valid for two minutes only. Every 5 contactless payment, Mobil ID is automatically renewed and if the user does not connect to Internet, it is deactivated to prevent fraud

Business Model

  • Strategy: TEB business model it to provide its customers with faster and convenient payment services as well as practical ways to use the application

  • Payee fee: No charge for merchants

  • Payer fee: No charge for customer 

Performance Data

  • Launch date: Turkey (Aug ’15)

  • Closed Date: n/a

  • Users: 671,098

  • Retailers / merchants: 21 QR IDO terminals; all contactless terminal in Turkey

  • Transaction volume: Reached monthly 250 Contactless Payment Transaction, 1750 Fast Track IDO and TAV Transaction

  • Transaction value: Reached monthly 6,434.31 TL Contactless Payment Transaction volume

  • Other data points: The app has been downloaded over 3 million times 


Links & Media

  • Links: n/a

  • Media:

Contact (MobeyForum Members only)

  • Name: N/A

  • Address: N/A

  • Email: N/A

  • Phone: N/A