Increase in Cardless Payment Tools

The Central Bank of Iran says plans for promoting contactless payment are making progress.
"More than 20,000 contactless payment terminals are installed across the country. With the help of a payment service company almost 764,000 POS terminals used in stores were equipped with the NFC reader," Mehran Mahramian, CBI's deputy for innovative technologies, was quoted as saying by ISNA.
"We expect cardless payment to become widespread when more banks and payment companies start offering the service," Mahramian added.
Back in February, the CBI launched a contactless payment mechanism based on EMV standard.