Papel is a financial services company based in Istanbul, Turkey, providing electronic money solutions, prepaid cards, physical and virtual POS systems, and e-wallet services to both individual and corporate clients.
Founded in 2018, Papel offers services such as payment processing, wallet management, and cashback programs, targeting individual consumers, SMEs, large enterprises, and sectors like health, cosmetics, and restaurants. Operating under B2C and B2B models, Papel generates revenue through transaction fees, service fees, and commissions, integrating embedded finance and open banking to enhance customer experiences.