Erdem & Erdem has advised on the merger of Moka Odeme ve Elektronik Para Kurulus and Birlesik Odeme Hizmetleri ve Elektronik Para.
Moka is a payment service provider.
Birlesik is a licensed payment services and e-money company in Turkiye.
According to Erdem & Erdem, following receipt of all necessary approvals from the Central Bank of the Republic of Turkiye, the Banking Regulation and Supervision Agency, and the Turkish Competition Authority, the merger was formally approved at the General Assembly meetings of both companies on March 24, 2025, and has now been officially registered. The merged entity will be jointly owned by Isbank Group and Oyak Group, each holding a 50% stake.
Editor's Note: After this article was published, Erdem & Erdem informed CEE Legal Matters its team included Senior Partner Ercument Erdem, Partner Canan Doksat, Managing Associates Didem Adlig Sonmez and Ecem Susoy Uygun, and Associates Beyza Gunsel Surucu, Idil Yildirim Gunaydın, Sena Coskun, and Melis Uslu.
