Overview
iyzico provides a payment gateway for online merchants in Turkey, consolidating multiple payment methods (credit cards and installment options from various Turkish banks) into one integration. It processes transactions, includes machine-learning fraud protection, and for marketplaces manages escrow and fund splitting between vendors. It differentiates itself with a Turkish-focused, single integration across banks and payment options, plus built-in fraud protection and marketplace funding features, and later expanded through PayU after a 2019 acquisition. Its goal is to help merchants grow online sales by simplifying payments, improving conversion, and offering a secure, scalable payments infrastructure.
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Simplify's take
What believers are saying
- 2026-03-12, Tencent Cloud backed iyzico's first European cloud production platform.
- 2026-02-11, Starbucks Turkey adopted iyzico ile Öde, proving stronger consumer distribution.
- 2026-07-03, the women entrepreneur program crossed 200 million TL in cumulative volume.
What critics are saying
- Stripe Turkey, PayTR, and Param compress pricing and steal enterprise merchants in 2026.
- Paynet integration through 2026 can break operations, distract engineers, and trigger merchant churn.
- European expansion depends on Tencent Cloud compliance; a failed launch stalls growth outside Turkey.
What makes iyzico unique
- 2026-01-01, iyzico unified Paynet, adding B2B collections and marketplace payouts.
- iyzico serves 120,000-plus merchants and 6 million consumers across Turkey.
- PayU's fraud engine and multi-market routing support cross-border expansion and risk controls.
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