Midas Seeks E-Money License to Launch 2 New Payments Products
Updated
Updated · Bloomberg · Jun 19
Midas Seeks E-Money License to Launch 2 New Payments Products
2 articles · Updated · Bloomberg · Jun 19
Summary
Midas has applied to Turkey’s central bank for an electronic money institution license, marking its push beyond investing into consumer payments.
The fintech plans to use the license to launch a digital wallet and a prepaid-card business, letting customers spend money held in their Midas accounts.
Founder Egem Eraslan said the expansion is aimed at building a broader financial platform, extending the company’s services into everyday transactions.
The move mirrors US broker Robinhood’s playbook, which added credit cards in 2024 as trading platforms sought deeper ties with retail customers.