"Innovation Workshop" was organized in Istanbul jointly by UPT, a subsidiary of Aktif Bank, and the World Savings and Retail Banking Institute (WSBI).

​This paved the way for the business partnership between UPT and WSBI to include 6 thousand financial institutions across 80 countries in the field of money transfer.

"Innovation Workshop", hosted by Aktif Bank, was organized jointly by UPT, the global money transfer and payment platform, and the World Savings and Retail Banking Institute (WSBI). Executives from 15 countries participated in the workshop where the innovation ecosystem across Turkey and the region was discussed, besides digital banking. The key-note speech of the workshop was delivered by Mehmet Usta, who holds office as the Board Member of the WSBI and the Vice Chairman of the Board of Directors of Aktif Bank (Chairman of the Board of Directors of UPT), and Chris De Noose, Managing Director of WSBI.

International partnership between UPT and WSBI

The workshop resulted in the partnership which stipulates fair commercial terms and conditions in the field of money transfer between UPT, the global money transfer and payment platform, and WSBI, and which can include 6 thousand financial institutions from 80 countries. The partnership agreement was executed by Chris De Noose, Managing Director of WSBI, and Mehmet Usta, Vice Chairman of the Board of Directors of Aktif Bank, and Serhan Kavi, General Manager of UPT. Accordingly; UPT will be the first entity to realize the "Fair Money Transfer Platform" initiative launched by WSBI in order for performance of international money transfers under transparent and accountable conditions. Thereby, it will be able to provide a high-quality money transfer service to both WSBI member banks and financial institutions.

Serhan Kavi, General Manager of UPT, says: Money transfer volume will increase by 24.5 billion USD in 2018

Stating that they will initially provide service access to the Asian member entities of WSBI, Mr. Kavi, General Manager of UPT, said: "According to the World Bank's data; the money transfer volume increased by 8.5 percent in 2017 across the low- and middle-income countries. It's expected that the current money transfer volume of 613 billion USD will increase by 4 percent, amounting to 21.5 billion USD, in 2018. All these data show that how important it is to provide convenience for individuals and to offer services under transparent and fair conditions in the field of money transfer."

Mr. Kavi continues his words: "The partnership, we have entered into with WSBI that has extensive knowledge and network in the field of money transfer on international arena, proves that we can provide money transfer service under cost-effective, high-quality, fast and transparent conditions at many locations around the world. We're highly excited and delighted to launch this partnership that will enable us to provide service to 6 thousand financial institutions in 104 WSBI members from 80 countries in future."