FILE PHOTO: Haluk Bayraktar, CEO of Turkish drone-maker Baykar, poses before an interview with Reuters at SAHA EXPO Defence & Aerospace Exhibition in Istanbul, Turkey, October 27, 2022. REUTERS/Umit Bektas/File Photo
ANKARA (Reuters) -Turkey's Trendyol Group, Baykar CEO Haluk Bayraktar, Abu Dhabi’s sovereign fund ADQ and Ant International have agreed to explore a potential joint fintech venture offering digital financial services in Turkey, the companies said on Wednesday.
The four parties signed a memorandum of understanding to form a platform that would provide services including digital payments, loans, deposits, investments and insurance. The launch would be subject to regulatory approvals.
