The financial data of Netahsilat, an online collection platform serving under the umbrella of Finrota, which offers an online collection system and open banking solutions, for the first quarter of 2024 has been announced. 3 million transactions and transactions were made in the Netahsilat ecosystem in the first 3 months of the year. 106.6 billion TL was collected.
Netahsilat, Turkey's leading B2B online collection system, continues to add value to its business partners in various sectors with its advanced collection methods. Netahsilat, which closed 2023 with a record growth rate, once again topped its success chart with its results in the first quarter of 2024.
While Netahsilat online collection volume grew by 104 percent compared to the first quarter of the previous year and reached 106.6 billion TL, the number of transactions increased by 18 percent compared to the same period of the previous year and reached 3 million.
Most preferred sectors
In the first three months of 2024, the automobile industry was at the top of the business lines that preferred online collection the most, with a volume of 16.61 Billion TL. While the construction sector ranked second, rising to 16.43 Billion TL in the first quarter, the agricultural sector ranked third with a volume of 13.20 Billion TL.
In the automobile sector, which ranks first among the business lines that most preferred online collection in the first quarter of the year, the increase in the same period last year was 60.17%, while the increase in the construction sector, which ranked second, was 137.77%, and in the agriculture sector, which ranked third, the increase was 60.17% compared to the same period last year. The increase was 92.70%.
Users preferred installment payment, basket average increased by 72 percent.
On the Netahsilat platform, users can choose to pay in installments or in a single payment from POS devices of different banks and payment institutions. 75 percent of the collections made in the first quarter of 2024 were made in installments and 25 percent were made in a single payment.
The average basket of transactions made in the first quarter of 2024 increased by 72 percent compared to the same period of the previous year, reaching 35,884 TL.
“The basis of our success lies in the trust our business partners place in Netahsilat.”
Finrota General Manager İlknur Uzunoğlu, in his evaluation of Netahsilat's 2024 first quarter results, said, “We completed 2023 with a record growth with Netahsilat. We left the first quarter of 2024 behind by continuing this success. We are happy about this. The basis of our success lies in the trust our business partners have in Turkey's leading online collection platform, Netahsilat. "We aim to reach more users by offering innovative solutions throughout the rest of the year," he said. Emphasizing that Netahsilat makes it easier to receive payments from dealers, subscribers, customers and users with its collection methods, Uzunoğlu said, "Our Netahsilat platform, which adds speed and efficiency to business processes, works in harmony with all ERP and accounting software with hundreds of thousands of online collection transactions occurring every day. Both our business partners and While they can receive both single payment and installment payments, they can also easily manage their overdue or future receivables. Thanks to our mobile applications, we also offer our customers the flexibility to make payments 24/7, from anywhere, at any time. or use the mobile collection service in the field. Our business partners who use Netahsilat can effectively send SMS and e-mail reminders to their customers to ensure that payments are made on time. We offer the opportunity to collect not only in Turkish Lira but also in foreign currency. Our 3D Secure compatible security infrastructure, which complies with security standards, combines with a practical and user-friendly interface, offering both time saving and a high level of security. Our Netahsilat solution is among the important components of Param, an integrated finance provider. "We will continue to provide a wide range of services, from SMEs to large-scale companies and entrepreneurs, in every field that requires online collection, and to create our customers' routes in financial technologies."
