This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Turkcell's Cep-T Paracard Receives Best Global Prepaid Innovation Award

Stocks in this article: TKC

ISTANBUL, October 23, 2012 /PRNewswire/ --

Turkcell (NYSE:TKC, ISE: TCELL), the leading communications and technology company in Turkey has announced that the "Cep-T Paracard", the co-branded prepaid card launched in collaboration with Garanti Bank, the leading bank in payment systems; has received the "Best Global Prepaid Innovation" category award at the Prepaid Awards UK & Global 2012.

     (Logo: http://photos.prnewswire.com/prnh/20120614/537932-b )

     (Photo: http://photos.prnewswire.com/prnh/20121023/570715 )

Cep-T Paracard in garnering this award has left behind other prepaid providers including Google Prepaid Card.  The Prepaid Awards has been held annually since 2008 to recognize the significant achievements and successes of the prepaid sector.  The event brings people and companies from across the industry to reinforce and recognize the efforts made.   

Turkcell Chief New Technology Business Officer Cenk Bayrakdar commented that "Mobile communication technologies have been reshaping the world, and easing people's lives in every aspect.  The finance and banking sectors are leading the pace of mobile evolution.  Through this strong collaboration in the area of mobile payment systems, Turkcell and Garanti Bank are not only the driving force of this evolution in Turkey, but have also signed off on innovative products, destined to set global examples.  The granting of this award to Cep-T Paracard, which has appealed to many within a short period of time, proves Turkey's leadership in mobile payment systems.  We will continue to offer our customers innovative products with Garanti Bank in the future."

Commenting that the initial target in designing Cep-T Paracard had been to include Turkcell subscribers without a debit card into the banking system, Garanti Payment System General Manager Onur Genc added that "Our well received product has reached out to 350,000 users so far.  The "Best Global Prepaid Innovation" award confirms that this success is also acknowledged globally.  Telecommunication companies have been collaborating with the banking system for years to offer products such as the digital wallet and virtual money cards.  Turkey leads on this front with Garanti Bank and Turkcell, taking giant steps to include the unbanked population into the system, in so doing contributing to growth of the registered economy.  We will steadfastly work towards our target of a "cash free Turkey in 2023," offering innovative products and services that ease life through rapidly developing technologies."

ABOUT CEP-T PARACARD

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs