21 May 2025

Payment Systems Infrastructures in the TRNC: PayPal, Stripe, Binance Pay and More

Detailed information about payment system infrastructures in the Turkish Republic of Northern Cyprus. The advantages of platforms such as PayPal, Stripe, Binance Pay, and the support provided by ORTAC.

The Turkish Republic of Northern Cyprus (TRNC) continues to strengthen its payment systems infrastructure in the digitalizing world. Access to international payment platforms is of great importance for entrepreneurs and businesses in terms of gaining a competitive advantage. In this article, we will discuss the main payment systems platforms that can be used in the TRNC, their advantages, and how we, as ORTAC, provide support in this process.

Main Payment Systems Available in TRNC

1. PayPal

PayPal is a widely used digital payment platform around the world. In the TRNC, individual users and businesses can easily make international payments through PayPal. However, users need to be cautious due to some restrictions and verification processes.

2. Stripe

Stripe is a preferred payment infrastructure for e-commerce sites and businesses that provide online services. Businesses operating in the TRNC can accept credit card payments through Stripe and offer subscription-based services.

3. Binance Pay

Binance Pay, which supports cryptocurrency payments, is an innovative solution for businesses in the TRNC that want to transact with digital assets. Binance Pay offers fast and low-cost transactions, and is particularly preferred by technology-focused startups.

4. Payoneer

Payoneer, an ideal platform for freelancers and businesses engaged in international trade, is also available in the TRNC. It is advantageous for those who want to receive payments from customers worldwide and manage accounts in different currencies.

Local Payment Infrastructures in TRNC

MayPay Electronic Money Services

MayPay is a licensed electronic money institution in the TRNC. Offering contactless, QR, and link-based payment solutions, MayPay provides businesses with payment services compliant with EMV standards. Additionally, the HEPi mobile wallet application offers users a fast and secure way to transfer money between each other.

Paynet

Paynet enables businesses to make fast and secure collections by providing virtual and mobile POS solutions in the TRNC. With a focus on security through its 3D Secure infrastructure, Paynet works compatibly with various bank cards to cater to a wide customer base.

Support Offered by ORTAC

As ORTAC, we provide comprehensive support to businesses operating in the TRNC in establishing and integrating payment system infrastructures. Our services include: