Clifford Chance has advised Tpay Mobile, a full-service digital payments platform for the Middle East, Africa, and Turkey, on its receipt of financing from an unnamed institutional investor for its acquisition of Payguru, a Turkish payment service provider.
According to Clifford Chance, ”Tpay Mobile makes it easy for digital service providers to access over 600 million consumers and accept payments across MEA and Turkey. Through one simple API integration, its full-service mobile payment platform enables rapid business growth and drives financial inclusion.” According to the firm, Tpay Moblie is headquartered in the UAE, and its services are currently used by over 30 million active users in 27 countries across MEA & Turkey.
Payguru offers mobile payments, ATM cash payments, and bank transfer services to its merchants through its integration with three mobile network operators and eight banks.
Clifford Chance's team included Dubai-based Partner Graham Brewer and Istanbul-based Partner Sait Eryilmaz, Dubai-based Senior Associate Angad Chaturvedi, Istanbul-based Associate Asli Pabuccuoglu, and Dubai-based Trainee Shema Begum.
Clifford Chance did not reply to our inquiry on the matter.