Global funds and payments transfer company Transfast is expanding into Turkey through a partnership with Universal Payment Transfer (UPT), a Turkish money transfer brand, it was announced today.

The partnership enables Transfast customers to send funds from agent locations into any bank account in Turkey within 24 hours, or for instant cash pick-up at 6,800 locations, including the Turkish Post Office, a company statement said.

Commenting on the partnership, Samish Kumar, CEO of Transfast, said: “We are pleased to announce our partnership with UPT. We are encouraged by the potential of Turkey and believe that launching these new services for sending funds there will bring economic benefits to the country.”

UPT CEO, Erol Ulu, added: "We are very pleased to partner with Transfast to further enhance our services and value for customers that need to send money to Turkey. Our goal is to maximize the international service network through strong partners in all regions where there is a substantial demand for money transfers towards and from Turkey. This partnership with Transfast will add great value and convenience for both senders and receivers in Turkey.” –TradeArabia News Service