Banks Welcome Fintechs' Fee Proposal

Contrary to authorized payment companies, banks have welcomed Iran’s Fintech Association's proposed fee system for online payment in which aggregators and service providers cover the network fees, which currently are paid by banks.
The proposal was made by a group of fintech firms that consider themselves the real beneficiaries of the market. They say costs of transactions should be paid by aggregators and PSPs rather than banks. 
This will “help improve competitiveness and enhance the quality of payment services.” The measure is an attempt to help improve competitiveness in the payment market.