Turkish private sector lender Türk Ekonomi Bankas? (TEB), strategic partner of BNP Paribas, has partnered with Monitise to launch a new digital banking service as part of its branchless banking strategy.

The new mobile branch named CEPTETEB (Turkish for "TEB in your pocket"), will incorporate simplified authentication process, the ability to live-chat with customer service representatives, and a QR wallet with functions including sending money to any mobile phone number, shopping via ‘click to buy’ e-commerce sites and withdrawing cash from TEB ATMs without a debit or credit card.

The new banking experience will also allow users to open a CEPTETEB account and will offers smart search function, powered with a recommendation algorithm to find and perform new and past transactions.

The service, developed by TEB’s long-standing mobile banking partner Monitise, will be available for iPhone and Android smart mobile devices.

TEB assistant general manager of retail and private banking group Gökhan Mendi said: "As a part of the technology revolution, smartphones, tablets and wearables have changed customer behaviour. We need to adapt to these changing customer needs and offer a digital banking service that suits their ultra-connected lifestyles.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"At TEB, we have given strategic importance to digital banking technologies and improved them day by day. With CEPTETEB, we are aiming to be a pioneer in Turkish digital banking sector."