CBI’s New Instant Payment System Ready for Launch

The Central Bank of Iran is to launch an instant payment platform in late December, a deputy governor of the bank said.
"Development of the instant payment platform is in accord with global standards. The system has been tested and is ready for use in the banking network," Mojtaba Moharramian, the CBI deputy governor for innovative technologies, was quoted as saying by the CBI website.
The system will replace the existing card-to-card money transfer service, he said.
"It was crucial to replace the card-to-card transfer method with something that allows the CBI to supervise bank transactions more accurately and use risk management solutions."