As soon as the
UK announced Brexit, the whole EU system started to change. Because one of the main EU countries was preparing to leave it, some new issues had to be solved almost immediately.
Businesses operating around the EU faced some drastic new measures, and many of them started to choose between the UK and the EU market. The laws are starting to differ, and owners and managers stated that it became challenging to lead one business according to two different sets of rules.
A small number of owners managed to find a solution to keep their business running smoothly both in the UK and the EU, even after
Brexit. One of them is
Dr. Ozan Ozerk, founder of Ozan and OpenPayd.
How Will Brexit Affect Businesses
Before we move on, we need to explain first what companies will be affected the most by Brexit. A company will be affected by Brexit if it:
- Supplies service for people inside the UK
- Sells goods to people and organizations within the UK
- Transports goods through the UK
- Uses UK materials to make goods for countries of EU
That means thousands of companies will be affected by Brexit. Companies that didn’t prepare for those changes are facing significant disruption. To prepare themselves for the upcoming changes, the
Taxation and Customs Union advised companies to:
- Discuss with their business partners about the changes that will take place.
- Contact the local authorities and see how they can prepare for the transition period.
- Consult the “readiness notices” on the number of topics to get ready for Brexit.
Let’s see how Dr. Ozan Ozerk managed to prepare his companies for the impact of Brexit.
OpenPayd Group
OpenPayd is a company that provides accessible services of banking and payment for any business. What makes it different and unique compared to other companies in the same field is its accessibility. Unlike others, any kind of business can afford OpenPayd. Small business people and companies usually withhold from getting professional advice with their finances because of how costly this luxury can be. Even medium-sized businesses are often struggling to keep up and pay the necessary fees. That’s why OpenPayd operates differently. It doesn’t matter how big your business is because you can always become a part of the OpenPayd group.
The company offers a pay-as-you-grow fee structure, so small companies also have a chance of equally succeeding. This scaling method seems to be what everyone’s looking for. We found out that OpenPayd is ready for a new chapter in their international business network. Operating in five offices globally, these offices also include the UK and the EU. Besides Turkey and Bulgaria, OpenPayd has a licence for operating both in Malta and the UK equally. That opens new doors to new possibilities for OpenPayd. We’re witnessing the beginning of a different era. This era will bring the ability to adapt quickly to any unique circumstances brought upon us. If up to us whether we’ll try everything in our power to overcome the obstacles or simply give up. That’s why OpenPayd did everything to make sure they provide banking and payment services to everyone. With licences in the UK and Malta, they’re covering the whole of Europe and every business seeking to grow with the assistance of their service.
Ozan
With Ozan.com, financial technology has reached new heights. It’s never been easier to deal with various finances wherever you are. The idea behind this is to have all financial matters in one place. Dr. Ozan Ozerk succeeds here by implementing payment, exchange, and transfer all at once. To make it user-friendly and available for everyone on-the-go, Ozan is available on both Google Play Store and Apple App Store. Because our devices’ mobility is now more critical than ever, it’s essential to have our financial matters available to us at all times. Besides its mobility, another feature of Ozan is its global availability, and Ozan Ozerk is very proud of it. The users can be located anywhere in the world, and using any currency, they will still be able to use Ozan’s features.
With this fintech creation, it’s now able to exchange currencies while on a business trip or vacation, send money to friends and family, or simply make online payments. As Dr. Ozan Ozerk says himself, "Ozan will only get better as various super app features are added. So, we’re still only at the beginning to see what the future holds for Ozan.com."
European Merchant Bank
With the global pandemic, all regular companies had to find a way to operate online. Some managed to do it; some didn’t. But, as Dr. Ozan Ozerk says, "the
European Merchant Bank has been offering the best of both worlds ever since it got licensed in late 2018. Their main goal is to offer personal consultations standard banks provide for the best personal or business outcomes, but with a twist." Combining that with the advantages of
digital and mobile banking, such as speed, simplicity, and flexibility, extraordinary results are almost guaranteed. Ozan Ozerk says that this is a significant advantage, especially in today’s circumstances. Only now do people realize the importance of digital banking and are becoming aware of all the benefits.
Conclusion
In sum, traditional businesses must make smaller or more significant changes when talking about their management. Concerning this, we asked
Ozan Ozerk how he feels about the changes taking place, focusing on the
EU and
Brexit. To conclude, global and digital financing is what the future holds due to its many advantages. Simplicity, mobility, and flexibility are what fintech provides its customers and global banking operations all in one place.
