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Papara profile

Who owns Papara?

traditional · Istanbul, TR · E-money institution · custody: Custodial

short answerPapara is an e-money institution, not a bank. Customer money is safeguarded in segregated accounts at partner banks rather than held as insured deposits.

Is Papara a licensed bank?

No — it is an e-money institution. Licence detail: E-money institution (CBRT, Turkey); licence revoked Oct 2025, reinstated under state trusteeship.

Where is your money held?

Custody model: Custodial.

No sponsor bank or infrastructure provider is publicly documented for Papara yet. Know one? Suggest it.

Who's behind Papara?

Papara was founded by Ahmed Karslı (2016), headquartered in Istanbul, TR.

Is my money safe with Papara?

As an e-money institution, Papara safeguards funds in segregated accounts rather than insuring them as deposits. That protection works differently from a bank — money is generally not covered by deposit-guarantee schemes, though it must be ring-fenced from the company's own funds.

go deeperSee the full Papara profile with every verified field, or Papara alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.