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Our Students Win First Place in the TEKNOFEST Financial Technologies Competition

  • 19 October 2026
  • 14:02
Teknofest Finansal Teknolojiler yarışması birincisi öğrencilerimiz Muhammed Utar ve Deniz Çam'ı içeren haber görseli.
Team XENON, consisting of Muhammed Utar, a second-year student in the Department of Software Engineering, and Deniz Çam, a second-year student in the Department of Management Information Systems at the Faculty of Business, won first place in the TEKNOFEST Financial Technologies Competition. Captained by Muhammed Utar, the team competed on behalf of AYBÜ. After passing the preliminary evaluation and online presentation stages, Team XENON advanced to the finals and won first place at TEKNOFEST Southeast, held at Şanlıurfa GAP Airport from September 30 to October 4, 2026.

A photograph of our first-place-winning students on stage with their awards. Muhammed Utar is a second-year Software Engineering student, and Deniz Çam is a second-year Management Information Systems student.

OffPay, jointly developed by Muhammed Utar and Deniz Çam, is an offline payment project designed to enable digital payments to continue even when internet access or banking systems are unavailable. The system uses QR codes and Bluetooth Low Energy (BLE) and can also be adapted to near-field technologies such as NFC. It generates verifiable proof of payment between two phones without an internet connection, while the bank confirms the final transaction outcome once connectivity is restored. The prototype has been tested using real phones and a bank simulator. Offline payments are among the key focus areas of the Central Bank of the Republic of Türkiye's Digital Turkish Lira studies.

We congratulate our students and wish them continued success.


A QR-code payment proof screen from the application developed by our students, showing a payment of TRY 100 to the canteen at Tahsin Banguoğlu KYK Men's Dormitory.

A payment proof scanning screen from the application developed by our students, showing the payment proof from the previous image being scanned using a phone.

A screenshot from the application developed by our students, showing a notification confirming that the payment was approved after the scanning process shown in the previous image.