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CORPORATE PRESENTATION

2020

35 COUNTRIES 185+ Clients

400+ PROJECTS Provided Globally

350+ STAFF 60% R&D and Engineering Staff

25+ PARTNERS 5 Support Centers

Chicago London Dubai Warsaw Istanbul / Izmir

• Sales Office • Sales Office • Sales Office • Sales Office • Head Office • Sales Office

• R&D Center

2020 2 Since 2011, PayCore won the "Deloitte 37% of the actual credit card turnover Technology Fast 50 Turkey, Fastest in Turkey is managed by PayCore Growing Technology Company" award. Payment Solutions.

PayCore increased its turnover One out of every three credit card by 90% in 2019. transactions in Turkey is managed by PayCore Payment Solutions.

PayCore serves more than 35 14 different Smart City projects are countries, 12 of which are processing. governed by PayCore Payment Solutions in Turkey and around the world.

2020 2020 CUSTOMER SEGMENTS

Financial Payment Service Telecom Institutions Providers Operators

Provides payment Provides secure Loyalty and campaign systems management infrastructure and management for infrastructures to banks, operator services for customer acquisition financial institutions and payment systems. and promotion activities. e-money institutions as licenses or services.

Card Printing Retail Sector Public Offices Institutions

Card personalization Payment systems, Cash register POS, solutions. loyalty cards and fraud payment systems, and prevention solutions. transportation payment solutions.

2020 4 PAYCORE PRODUCT LINES

Card Payment Digital Payment EMV Smart City Payment Hardware Payment Solutions Solutions Solutions Solutions Solutions Processing

• Card Management • Soft POS & Pin on Glass • EMV Data Preparation • Transportation Operator • POS Networking • Issuing Services • Loyalty / Campaign • Wearable - Active / Passive • EMV Card Testing Suite Services • Remote Management • Acquiring Services Management • Digital Wallet Platform • EMV Transit Management • Stadium Operating Services Devices • New Generation ECR • Clearing and Settlement • PSP Payment Gateway • EMV Lifecycle Management • Prepaid Card Management • HSM Monitoring Devices Services • Transaction Switch • Secure Card Storage • EMV Level 2 Kernel • EMV Transit Management • HSM • Digital Payment Services • Mass/Instant Card • Host Card Emulation (HCE) • Training and Consulting • ECR Terminals • Card Printing • Transportation Services Personalization • EMV Tokenization • E-commerce Payment Gateway • Merchant Management • Fraud Detection / Prevention • Taxation Solutions

2020 5 PayCore Data Customer Data Cloud PROVIDING COMPLETE Center Center PAYMENT INFRASTRUCTURE Provides end-to-end Provides end-to-end Ability to serve on private services with infrastructure services with its business cloud platforms approved and processes which have continuity competencies by PCI-DSS Hosting PCI-DSS, ISO, VISA, and data security, which MASTERCARD and BKM’s have the service provider data security, business certificates of Visa, continuity and service MasterCard and BKM and provider certificates. meet the standards of PCI-DSS and ISO.

2020 • MASTERCARD • DENIZBANK • AKBANK • VAKIFBANK CLIENT BY REGION • ISBANK • ODEABANK EUROPE TURKEY • YAPI KREDI • BANK SOHAR • ZIRAAT BANK • AUSTRIACARD • GARANTI BANK • OPET • FINANSBANK • BP • THALES-SECURITY • THY • SHELL • DEUTSCHE TELEKOM • SODEXO • THALES-TRANSPORT • MASTERCARD-EU • TREVICA • FEIG • DEMIR-AZB • ADVANIDE CIS • ASB • IOR • YAPI KREDI AZB • AUSTRIACARD • MILLI KART • ETS • BANK OF AZB • NXP

AMERICAS APAC

• FIS – USA • FR – BANK OF BOSTON • BROADCOM • VALID USA MEA • MAGTEK • NXP • TABLESAFE • CBD • AVD • MYCARD • BANK SOHAR • AXIS BANK • AXIS BANK • EMCREDIT • NIS-ICT • CYNOVO • NI • BENEFIT • PILLAR TECH • THE GROUP • ISRAEL CREDIT CARDS • PAYCRAFT • TPS • NPCI

2020 7 CARD PAYMENT SOLUTIONS

2020 8 CARD PAYMENT SOLUTIONS

Card Management

• Management of various card products - credit, debit, prepaid cards. • Real time fees, taxes and interests from different channels. • EMV or proprietary magnetic, contact, contactless, cloud or mobile payment cards. • Transaction restrictions, velocity checks and required risk controls during online authorization

Related Products: Card Management, Clearing and Settlement, Internet Payment Gateway, Fraud Detection and Prevention

Transaction Management

• Driving financial and non-financial transactions via POS, ATM, Kiosk or Validator. • Management and Monitoring of mass terminals networks including POS, ATM, Kiosk or Validator. • Transaction routing in between acquirers, issuers and network schemes, VISA, MASTERCARD, AMEX, DINERS, UPI, JCB. • Transaction authentication and authorization for magnetic, EMV contact / contactless, cloud or mobile payment cards.

Related Products: Transaction Switch, Merchant Management

2020 9 CARD PAYMENT SOLUTIONS

Customer Acquisition and Retention

• Flexible loyalty and campaign management solution • Real time loyalty functionalities including points, miles, installments, RFM counters, discounts cash backs and vouchers.

Related Products: Loyalty and Campaign Management

Card Personalization

• Instant card personalization solution for credit, debit and prepaid cards in branches or merchant locations less than 45 seconds. • Mass card personalization solution for card personalization offices or issuer banks • Vendor agnostic platforms on card plastic providers and personalization machine vendors

Related Products: Mass/Instant Card Personalization

2020 10 CASE STUDY – TURKEY CARD PAYMENT SOLUTIONS YAPI KREDİ

• Fourth largest bank by asset size and the largest credit card issuer in Turkey, • Operating internationally in the Netherlands, Russia and Azerbaijan. • Bank manages its card and terminal portfolio using PayCore Payment Solutions since 2014.

Functional Renovation Infrastructure Renovation

• Real time fees, loyalties and campaigns • High available system with rate of 99.99% • Ease of new card product development • More than 2.000 transactions per second • Faster service implementations • Average response time of 60ms • EMV contact, contactless, mobile support

USAGE AND COVERAGE

46M 450K 150+ 120+

EMV Cards Payment Terminals Card Products Loyalty Programs

2020 CASE STUDY – TURKEY CARD PAYMENT SOLUTIONS İŞ BANK

• Turkey's first public bank, ranked 102nd in the “Top 1000 World Banks” survey of Financial Times’ The Banker and 371st in the Forbes Global 2000 lists as of 2008. • The bank operates 1,011 branches domestically, giving it one of the largest branch networks in Turkey. • Bank’s international network comprises United Kingdom, Bahrain, Turkish Republic of Northern Cyprus, Republic of Ireland, Germany, Netherlands, France, Switzerland Shanghai and Cairo.

Functional Features Prepaid Card Management

• Prepaid Card Management • Debit & Prepaid • Credit Card Management • EMV & Open loop • Issuing Switch • Contact & Contactless • Card Management • General Purpose Prepaid • Loyalty and Campaigns • Gift Card • Clearing and Settlement • No name/ personalized • Dispute and Chargebacks • Wide range product definitions

USAGE AND COVERAGE

350K+ 15M+ 12M+ 100+ 120+

Pos Credit Debit/Prepaid Loyalty Card Terminals Cards Cards Products Products

2020 CASE STUDY – TURKEY CARD PAYMENT SOLUTIONS ECR

The Turkish Income Authority introduced new legislation in 2013 requiring Electronic Cash Registers (ECRs) to be connected to the Revenue Administration. Regulation addresses new generation POS terminals which have both Electronic Cash Register (ECR) and POS terminal facility. All transactions initiated from terminals are acquired by Trusted Service Manager (TSM) and transactions are sent to the acquirer financial institution and Income Authority at the same time.

Bank Applications Value Added Services

Multiple banking application Parking payment applications All financial and non-financial POS transactions Airtime top-up for telecom operators Bank brand sharing loyalty functionalities Food card payment service providers Restaurant order management system

USAGE AND COVERAGE

129K+ 162K+

Payment Payments Terminals Application

2020 DIGITAL PAYMENT SOLUTIONS

2020 14 DIGITAL PAYMENT SOLUTIONS

Easy Checkout During Electronic Commerce

• Easy and secure payments for cardholders during online payments for electronic and mobile commerce. Securely storing tokenized accounts and updating card data captured from online consumers. • Consumers create an account once and then speed through checkout with a single login, without having to re-enter their card or delivery details at every visit.

Related Products: Secure Card Storage, Digital Wallet Platform

Payments using Connected Devices

• Easy and secure payments using any connected device. • Wearable devices with contactless payment technology allow consumers to tap and pay. • Connected cars enable drivers to make secure payments from their entertainment system. • Home appliances entertainment systems with payment integrations. • Any device with an internet connectivity is a way to pay.

Related Products: Soft POS & Pin on Glass, Wearables-Active/Passive, Digital Enablement Platform

2020 15 DIGITAL PAYMENT SOLUTIONS

Mobile Financial Services and Payment Gateway

• Customer and cardholder profiling and Secure Card Store based on PCI DSS standards. • Payment gateway for transactions initiated by mobile application, m-commerce or e- commerce domains.

Related Products: Secure Card Storage, Payment Gateway

Retail and In-Store Payments using NFC

• Mobile users can use their NFC-enabled smartphone to make contactless payments. Using the same technology we can provide; • NFC based contactless mobile payments on retail shops • Transport ticketing during journey for public transportation • Enablement of access control while using mobile device like a contactless key card • Informative or loyalty actions using passive tags on smart posters.

Related Products: Soft POS & Pin on Glass, HCE, Digital Enablement Platform, EMV Tokenization

2020 16 DIGITAL PAYMENT SOLUTIONS

With PayCore Soft POS, Transform Smartphones and Tablets Into Pos Terminals

• Soft POS is an application that migrates smartphones and tablets into an EMV compliant POS terminals. • The application works on Android devices, needs only Handset with NFC Technology. • Accepts contactless EMV payments on smartphones and tablets, just like a traditional POS device. • Device independent. • Only 3G/4G or Wi-Fi connection is required. • Supports Mastercard, Visa, Amex, Discover, Rupay ve domestic schemes • Accepts all EMV based contactless cards (credit, debit, prepaid etc.) and digital wallets. (ApplePay, AndroidPay, Samsung Pay etc.) • Compliant with all security standards including PCI DSS. • The first application will be launched in Poland in cooperation with Samsung and First Data.

SOFTPOS

2020 17 CASE STUDY DIGITAL PAYMENT SOLUTIONS MASTERCARD

• MasterPass by Mastercard is a digital wallet service that makes online shopping safe, easy, and convenient. • MasterPass stores all your payment and shipping information in one central, secure location. • With MasterPass, you can shop, click, and checkout faster online. • PayCore provides MasterPass solution and business operations on behalf of Mastercard for 4 countries. Country Numbers Turkey 447 Azerbaijan 288 Ukraine 239

USAGE AND COVERAGE

20+ 20M+ 700K+

E/M Commerce Monthly Cards Domains Transactions Stored

2020 18 CASE STUDY – UAE DIGITAL PAYMENT SOLUTIONS NATIONAL WALLET

PayCore has established a digital wallet for • Payments • Transit tickets • Money transfer • Market place for SMEs based on multiple form factors like mobile handset and wearables across UAE.

UAE residents will be able to • Transfer money • Make in-app, in-store and transportation payments • Pay their electricity, water, gas bills and school tuitions • And much more through their mobile phone.

USAGE AND COVERAGE

10+ 10M+ 8M+

E/M Commerce Monthly Cards Domains Transactions Stored

2020 * Projections in 2 years 19 EMV SOLUTIONS

2020 20 EMV SOLUTIONS

Payment Card and Terminal Applications

• Contact and contactless EMV based card acceptance libraries (EMV L2 Kernel) for payment terminals (POS, ATM, KIOSK etc.) which is network scheme (VISA, MASTERCARD, AMEX, DINERS, UPI, JCB) certified. • EMV based or proprietary payment acceptance terminal application (L3 Application) for POS terminals. • EMV based or proprietary payment applications running on secure elements placed on plastic cards, mobile handsets, computer laptops or special mobile authentication devices. • Quality Control and Testing Platforms for payment instruments, payment terminals and transaction hosts.

Related Products: EMV Tokenization, EMV Data Preparation, EMV Card Testing Suite, EMV Transit Management, EMV Lifecycle Management, EMV Kernel, Training and Consulting

2020 21 SMARTCITY SOLUTIONS

2020 22 SMARTCITY SOLUTIONS

Open Loop Public Transportation

• Renovation of AFC (Automated Fare Collection) providers to migrate their existing systems having open loop schemes VISA, MASTERCARD, EMV, RuPay etc. • Credit, debit and prepaid bank cards can be used for payment of public transportation, bank channels are used for top-up and balance / transaction view. • All risk and transaction management is done, integration to AFC system for fare calculation.

Related Products: Transportation Operator Services, Prepaid Card Management, EMV Transit Management

Tax Collection Solution for Governments

• New generation POS terminals has both Electronic Cash Register (ECR) and POS terminal facility. • Central solution for Revenue Administration for processing real time payment transactions initiated by new generation ECR/POS payment terminals. • Real time process of payment data, fraud checks, merchant-based trend reports, real time integration with stock critical goods.

Related Products: Taxation Solutions, ECR Terminals

2020 23 CASE STUDY – TURKEY SMARTCITY SOLUTIONS STADIUM CARD

Turkish Football Federation initiated a project for preventing hooliganism, electronic ticketing, avoiding long queues for purchase of match tickets. A new card product was designed with credit, debit and prepaid account facility:

• Electronic ticketing integration • Public transportation system integration

• Access control to stadiums • Central blacklist driven by government

• Loyalty and campaign features

Product supports plastic cards, mobile handset and active/passive wearables at the same time.

Functional Renovation

• Instant card issuing in 45 seconds • Government driven central black list • EMV Credit, Debit and Prepaid payments • Public transportation integration • One time or seasonal electronic match tickets • Card, wearable and mobile handset support

USAGE AND COVERAGE

3M 10+ 20+ 2000 40ms

EMV Card Loyalty Trx Per Avg. Response Cards Products Programs Second Time

2020 24 CASE STUDY – INDIA SMARTCITY SOLUTIONS NATIONAL TRANSPORT

NPCI chose PayCore as the consultant company for generating the standards to be set within the scope of the National Transport Project. The contactless cards are issued by Axis Bank for use in public transportation system of Bangalore and Kochi. New card products operate with RuPay standards, the national transport card system of India. The cards can also be used for shopping purposes, including e-commerce transactions with merchants that accept RuPay cards.

Functional Renovation

• Real time fees, loyalties and campaigns • Ease of new card product development • Faster service implementations • RuPay contactless transit cards

USAGE AND COVERAGE

8M 2 500 100ms

Rupay Operating Transactions Average Cards Cities Per Seconds Response Time

2020 25 CASE STUDY – TURKEY SMARTCITY SOLUTIONS CITY CARD

Izmir is a city with population over 4 million and 1.5 million transit transactions per day across public busses, subway, light rail and sea transport services. This card is designed as the ultimate smart city card to enjoy urban life. Residents and visitors can conveniently use their cards in:

• Transportation • Ice-skating • City zoo • Pavilion • Open-area parking spaces • Smart bicycle rental stations located throughout the city.

Solution also supports acceptance of open loop EMV card plastics and mobile handsets, as well as wearable devices that can be used for transit payment in all aspects of city.

Future Plans

• Usage of wearable devices like wristbands • Usage of mobile handsets for payment • Integration to Open Loop with Mastercard

USAGE AND COVERAGE

3.5M 2.200 1.200 500M

Transit Acceptable Top-up Monthly Cards Terminals Merchants Transactions

2020 26 PAYMENT HARDWARE SOLUTIONS

2020 27 PAYMENT HARDWARE SOLUTIONS

Unified Communication of Payment Devices

• POS and ATM terminal network access controllers for management of high-volume terminal networks. • Management of transactions, as well as terminal parameter and program download data. • Consolidation of transaction calls from DIAL/UP, IP and GPRS networks, reports of success and failure rates

Related Products:

• Issuing Operation Management (Debit, credit, etc.) • Acquiring Operation Management (ATM, POS, e-Commerce, etc.) • Cash Register POS Operation Services • Next Generation Payment Services (Virtual POS, WEB, Mobil, Wallet) • Pre-paid Card Operation Services • Transportation Operation Services • Fraud Operation Services • System Management and Monitoring

2020 31 APPROVALS AND CERTIFICATIONS

PCI DSS SERVICE PROVIDER MEMBER SERVICE PROVIDER MEMBER AGENT PDPL PIN SECURITY GLOBAL VENDOR CERTIFICATION PCI CARD PRODUCTION & PROGRAM (GVCP) PROVISIONING VE VISA CLOUD BASED PAYMENT SYSTEM

PCI DSS ECR TSM PRIVATE INTEGRATOR ISO9001, ISO14001 GDPR ISO22301, ISO27001 ISO20000

PAYMENT AND SECURITY 2020 RECONCILIATION SYSTEMS 32 AWARDS

• 2019 Deloitte Technology Winner “Fast50 Turkey” • 2013 TESID “Innovator and Creator Product of the Year, ManageATM” • 2018 Deloitte Technology Winner “Fast50 Turkey” • 2013 SESAMES, “e-Commerce Finalist, TV Commerce” • 2018 Beetech2018 Best Practices Award “Special Award for Ecosystem Contribution” • 2013 ISO, Innovative Awards in the “Human Resources” Category • 2018 Gemalto “Best Direct Partner” • 2013 Deloitte Technology Winner “Fast50 Turkey” • 2018 Celtic-Plus “Excellence Award for Applications” on UPSC Project • 2013 ACT Canada “Best Payment Innovation Prize” (Everlink) • 2017 Deloitte Technology Winner “Fast50 Turkey Technology Special Prize” • 2012 Deloitte Technology Winner “Fast50 Turkey & Fast500 EMEA” • 2016 Silver Stevie, “The most successful woman manager of the year” • 2012 - 2013 EBA European Business Awards “Innovation Category, National Champion & • 2016 Thales “EMEA Sales Innovation Prize” Ruban d’Honneur” • 2016 Deloitte Technology Winner “Fast50 Turkey Technology Special Prize & Fast500 EMEA” • 2011 Deloitte Technology Winner “Fast50 Turkey & Fast500 EMEA” • 2016 ACT Canada Innovation Prize, Silver IVIE “Stadium Card” • 2011 ACT Canada Innovation Award ’’Palmaris Instant Issuance System’’ (Everlink) • 2015 TOBB-TEPAV-AllWorld Network “Turkey 100 Contest, The Fastest Growing First Technology • 2010 Zebra Technologies, ’’Best Card Printer Software Award’’, PALMARIS” Company” • 2010 PSM Payment Systems, “Starts of the Year Prize, Product of the Year PROCEED” • 2015 SESAMES, “Best Transportation Application Category Finalist, EMV Transit Management” • 2010 Mastercard, "In Turkey the Most Innovative PayPass Product Support Prize" • 2015 Deloitte Technology Winner “Fast50 Turkey winner & Fast500 EMEA” • 2010 Kuppinger Cole European Identity Award in the “Best Internal Project” category • 2014-2015 EBA European Business Awards “The Business Volume of the Year Category National (Şekerbank: Oracle) Champion & Ruban d’Honneur” • 2010 Cardist, “The Best Project Prize, PROCEED” • 2014 ICT Summit Now Design Awards, Payment Systems Software of the Year: Cordis4ACT • 2009 ISO, Innovative Awards in the "Human Resources" category • 2014 SESAMES, “Trusted Internet / Authentication Category Finalist”, PayMech Cloud Kernel • 2008 SESAMES, “Transportation Category” finalist • 2014 ICT Summit Now Design Awards, POS Networking Product of the Year: ManageATM • 2006 EPCA/ECR, “The Most Innovative Payment Software Prize” • 2014 Deloitte Teknoloji Winner “Ranked 1 - Fast50 Turkey & Fast500 EMEA”

2020 33 THE FIRST PROJECTS IN THE WORLD IN PAYMENT TECHNOLOGIES

• 2019 First approved “PIN on Mobile Technology” in the world • 2011 A first with micro-SD: Akbank Visa • 2018 Device independent support of first EMV contactless payments via Android based smart • 2011 iPhone iCarte: Yapı Kredi Bank phones and tablets with PayCore Soft POS • 2011 Pre-paid system carrying out transactions equipped with NFC: DenizBank • 2017 Credit card and contactless Debit card to Rupay standards (Open loop EMV) in public • 2011 Mastercard first approved TSM operator: Turkcell transportation in India: Axis Bank • 2010 Mastercard first approved display credit card: Türk Ekonomi Bank • 2016 The first national mobile wallet “empay” in the United Arab Emirates: Emcredit • 2009 Credit card replacing cash: VISA • 2014 Contactless debit cards in Azerbaijan’s public transportation: Mastercard, Asis, Bank of • 2008 EMV campaign transportation card: Mastercard Azerbaijan • 2008 e-Banking CAP scripting application: SmartNet • 2014 In fuel sector, mobile payment system, working with SMS without using credit card: Shell, • 2007 Contactless credit card used in transportation: Garanti Bankası Turkcell • 2007 One of the first NFC pilot projects: Akbank • 2013 ECR/POS integration: DenizBank, MT Technology • 2006 Issuing of a contactless credit card via instant issuance: Garanti Bankası • 2013 Shopping via TV: TTNET, Mastercard • 2006 Contactless credit card: Garanti Bankası • 2013 Digital payment platform for taxis: BiTaksi, Mastercard • 2012 MIFARE4 Mobile applet development on NXP secure elements • 2012 Mastercard Mobile PayPass applet, certified by Mastercard on NXP secure elements: NXP, Mastercard • 2012 Debit Card with installments in Azerbaijan: Azerbaijan Industry Bank

2020 34 CARD PAYMENT MIGRATION PROJECTS

PayCore completed all major migration Project in Turkey and abroad for recent years.

• Turkey Albaraka 2019 – Provus Transformation (On Going Project) • Turkey QNB (Ibtech) 2019 – Bundling • India My Card 2019 – New Installation • India Axis Bank 2018 – New Installation • Turkey Turkiye Is Bankasi 2017 – Conversion From Cardpac Mainframe • Azerbaijan Demirbank 2016 – Conversion From Tieto Enator • Qatar The Group Finance 2016 - Installation From Stratch • Turkey Yapi Kredi Bank 2014 – Conversion From FBS Mainframe • Turkey Odea Bank 2014 – Installation From Stratch • Azerbaijan Azerbaijan Senai Bank 2013 – Conversion From Titeto Enator • Turkey Akbank Merchant Mng 2012 – Conversion From Inhouse • Cyprus Kibris Iktisat Bank 2012 – Installation From Provus • Azerbaijan Yapi Kredi Azerbaijan 2012 – Installation From Stratch • Azerbaijan Bank of Azerbaijan 2012 – Conversion From Inhouse • Turkey Ziraat Bank Tsk 2011 – Conversion From Oytek • Turkey Aktifbank 2011 – Installation From Stratch • Turkey Denizbank 2011 – Conversion From Banksoft • Turkey Teb Bnp Paribas 2009 – Conversion From Banksoft • Turkey Turkiye Finans Bank 2008 – Conversion From Provus

2020 35 PROCESSING PROJECTS

e-Money Institutions • Ininal Epara ve Elektronik Kart Hizmetleri A.Ş. • Vodafone Elektronik Para ve Ödeme Hizmetleri A.Ş.

Cyprus Banks • Universalbank Ltd. • Kıbrıs Türk Kooperatif Merkez Bankası Ltd. • Türk Bankası Ltd. • Novabank Ltd.

2020 36 REFERENCES

2020 37 Chicago

London

Dubai

Warsaw

Istanbul/Izmir

The information contained in this document, much of which is confidential to PayCore, is for the sole use of the intended recipients. 2020 No part of this document may be reproduced in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of PayCore.