Static Password Services Expire on Jan. 25

Central Bank of Iran announced Tuesday that lenders will stop offering payment services via the conventional static passwords as of next week that starts on Saturday.  
According to a notice on CBI’s website, banks will put into effect limitations on static passwords on a gradual basis lasting a few days. 
After the deadline, non-card payment will be possible only via the so-called one-time passwords. OTP is available on special applications developed by banks or sent to the debit card holders via short messaging service (SMS).