Qitero Qitero

Param

Country: Turkey (TR)  |  Payment Rail: closed_loop_wallet

DigitalWallet Market Adoption: 40%

Param is one of Turkey's oldest and largest licensed electronic money institutions, featuring corporate prepaid card issuance, B2B/B2C online checkout, and virtual cards extensively used for employee benefits, e-commerce, and enterprise payments.

🔄 User Payment Flow

  1. Customer selects Param on merchant checkout
  2. Customer inputs Param virtual card details or logs into Param digital account
  3. Customer enters SMS OTP received on phone
  4. Account balance is instantly deducted and invoice is generated

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRYES
Supports RecurringYES
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant backend calls Param Virtual POS (ParamPOS) API
  • Param verifies consumer credentials and authorization
  • Param issues transaction authorization code
  • Merchant confirms transaction and updates payment status