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CBI to Announce New Rules for e-Wallets

CBI to Announce New Rules for e-Wallets CBI to Announce New Rules for e-Wallets

The Central Bank of Iran has finalized the draft of a regulatory framework for e-wallets that is expected to be unveiled soon, said Ayandeh Bank's deputy for electronic banking affairs. 
"The outbreak of Covid-19 encouraged people to use electronic wallets for making payments…This is an opportunity for promoting e-wallets and was embraced by the CBI," Abdolreza Sharifi was quoted as saying by IBENA.
The rulebook includes a wide-range of regulations regarding the development of e-wallets, "The regulator will not authorize all banks in one go and will assess applications on a case by case basis."

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