Already a MEMBER? Registered users are kindly asked to reset their passwords for Full Digital Access to all our content. Just select LOGIN and RESET PASSWORD.

Garanti BBVA adds real-time mobile payments for corporate clients

Garanti BBVA is turning to QR codes in an attempt to speed up and simplify business transactions.

Money transfers through the code are designed to occur in seconds, and can be shared with any individual or company through the Garanti BBVA Corporate Mobile app. The money transfers can be made without entering an IBAN number.

Customers will be able to use the service by clicking on the QR transactions option and using their camera to scan the code that appears on the app screen.

Garanti BBVA mobile app can also be used to refill Istanbul travel cards, allowing customers to travel around the city without worrying about the balance on their payment card.

"At Garanti BBVA, we continue to implement innovations to make our customers' lives easier," Didem Dincer Baser, the bank's executive vice president, said in a Thursday press release. "Consumer customers have been able to use QR codes for cash withdrawals, deposits and transfers, and we have now rolled this functionality out to corporate clients."

BBVA owns half of Garanti, Turkey's second largest bank.

For reprint and licensing requests for this article, click here.