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It is Now Safer to Buy-Sell Second Hand Cars Under the Assurance of Vakıf Katılım

28 Nisan 2021

Vakıf Katılım put the “Secure Payment System” into use which ensures the real time and safe transfer of the ownership of the vehicle and the sales price in purchase and sale transactions of the second hand motor land vehicles.

Having brought together the sharing culture of foundations with public power and brought a breath of fresh air to participation finance world, Vakıf Katılım put “Secure Payment System” into service which secures the sales price and the registration of the vehicle in cooperation with Notaries Union of Turkey.

“Secure Payment System”, which eliminates the risk of being defrauded in vehicle purchase and sale transactions carried out before notaries, rules out the necessity to carry cash since the transactions are carried out in digital environment.

“We remove all the issues causing concern during second hand vehicle purchase and sale”

İkram Göktaş, the General Manager of Vakıf Katılım, made a statement and said that: “With Secure Payment System, we remove all the issues causing concern for our customers during second hand vehicle purchase and sale. The purchase and sale transactions of our customer who will sell and the person who will buy the vehicle can be carried out securely through our institution after the instruction to be given from our digital channels with this application. This system works as follows: The amount transferred by the buyer to our institution's "Notaries Union of Turkey Secure Payment" account is blocked before the transaction, and when the sale is realized, money is transferred to the seller account with the reference code received from the Notaries Union of Turkey system.”

Stating that they continue their work in the digital field without a break, Mr. Göktaş said, "We constantly update our technological infrastructure and put new applications into use so that our customers can perform all their transactions smoothly and securely over the digital channels they prefer. We are pleased to offer a new initiative to our customers with the Secure Payment System in today's world, where contactless payment gains momentum and a cashless lifestyle is adopted more."