Credit Card Offers Pick Up

Iran’s banking industry is showing renewed interest in issuing credit cards. Data released by the Central Bank of Iran indicates 70% increase in the number of active credit cards up until October. 
As per a report issued by Shaparak Company, a CBI-affiliate in charge of supervising the domestic payment network, the total number of active credit cards was 192,693 in the month to October 21, marking a dramatic increase compared to the same period last year. 
Credit cards were not the norm and were limited to VIPs. But now that is changing and CBI policy of promoting credit cards as an instrument for microloans seems to have influenced banks' decision to rethink.