Albaraka launches Monera payment solutions for businesses
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Albaraka’s Monera brand aims to bring SMEs’ and online sellers’ payment collection needs together across virtual, mobile and physical POS channels.
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Albaraka Ödeme Kuruluşu A.Ş. is bringing payment solutions to businesses under its new Monera brand, combining Albaraka Türk Participation Bank’s more than 40 years of banking experience with agile payment technologies. Backed by Albaraka Türk, Monera offers virtual and physical POS solutions for collections in e-commerce, field sales and retail locations.
Through Monera, Albaraka Ödeme Kuruluşu aims to help SMEs, e-commerce companies and sole traders grow by making it easier to accept fast, secure payments at advantageous rates. Guided by the promise “By your side at every payment”, the brand aims to lead in customer experience.
Monera’s product vision encompasses virtual POS, mobile POS and physical POS solutions, with the aim of meeting businesses’ payment needs across different sales channels on a single platform. From online sellers to retailers operating at physical locations, the approach adapts payment solutions to the way each business works.
Monera Virtual POS provides digital infrastructure for businesses accepting card payments through websites or other online sales channels. Alneo Mobile POS makes it easier and more flexible to collect card payments, nearby or remotely, using mobile devices.
Strengthening its presence in the payments ecosystem
Albaraka Türk Participation Bank General Manager and Albaraka Ödeme Kuruluşu Board Chair Malek Khodr Temsah explained the role of Monera in the bank’s payments strategy:
“Digitalisation and financial technology investments are among the fundamental priorities of Albaraka Türk’s growth strategy. With Monera, we are taking the step we made in the payments ecosystem through our Valenspara investment further.
“Our aim is to combine more than 40 years of banking experience with innovative payment technologies to offer fast, secure and comprehensive solutions for the real sector’s changing needs.
“With Monera, we aim to make collections easier across different sales channels while contributing to the digital transformation of the participation finance ecosystem.
“In the period ahead, we will continue strengthening our capabilities in payment technologies, supporting business growth, developing innovative solutions and aiming to lead in customer experience.”
Making every step easier, from application to collection
Albaraka Ödeme Kuruluşu General Manager Dr. Osman Okyar Tahaoğlu described Monera’s approach to the customer experience:
“Our goal is to give customers transparent, secure and easy-to-use payment processes that make their commercial operations easier in practical ways. To fulfil our promise of being ‘By your side at every payment’, we approach every stage of the service we offer merchants with the responsibility of being a trusted business partner. Through software and infrastructure technology that we develop and own, we offer SMEs solutions for every end-to-end stage of collections, starting at the moment of payment. Our expert team, working in full compliance with regulations and global security standards, supports businesses at every step, from the initial application to daily collections. We design the customer experience at Monera around these expectations. We develop our collection solutions by considering where and how customers sell, as well as regulatory and technical requirements. We want to help them spend less time on collections and more time increasing sales and developing their businesses.”
