The Central Bank of Iran will soon unveil its contactless payment scheme, allowing cardholders to make payment transactions solely using their smartphones, the bank's governor says.
"The scheme is developed in accordance with international security standards … It is aimed at easing payment transactions and at the same time helping cardholders adhere to health protocols in the midst of the Covid-19 pandemic," Abdolnasser Hammati also wrote in a post on his social media account.
According to Hemmati, users only need to add their bank card information to mobile applications on their smartphones and the application would enable users to make transactions without any physical contact with POS terminals.
Hemmati did not elaborate further.
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