N26 Wants To Enter The Turkish Market

N26 wants to enter the Turkish market. It has been learned that digital bank N26 has applied to the BRSA to enter the Turkish market.

According to the information Bloomberg HT has obtained from senior sector officials, Germany-based N26, one of the largest digital banks in Europe, knocked on the door of the BRSA to enter the Turkish market. It has been learned that the German bank is very eager to enter the Turkish market, and it has been recorded that it has met with the BRSA several times. If the German digital bank giant enters the Turkish market, how the sector will be affected was one of the curious ones. Founded in 2013, N26 was a fintech company that operated in collaboration with other banks until 2016. After 2016, the company started to operate as a full bank by obtaining a banking license from the European Central Bank (ECB) and the German Federal Financial Supervisory Authority (BaFin). With an investment of approximately 10 billion dollars, N26 has 8 offices globally and operates in 25 markets. The digital bank, which has 1,500 employees, has 7 million customers. In addition, sources state that the UK-based digital banking giant Revolut is also interested in the Turkish market and is making preparations in this regard, but has not yet had a meeting with the BRSA.