The National Informatics Corporation, the Central Bank of Iran's arm for developing financial solutions, is finalizing the long-awaited regulatory sandbox, the company's CEO said.
"The government tasked the CBI to work on a regulatory sandbox…Shaparak Company, as the supervisory body of the payment network, was tasked to conduct studies on the mechanism of the sandbox. The project is now in the final phase," Way2pay quoted Reza Abdollahi as saying.
"The project was to be launched in summer; however, it was postponed as the new government took office. Over the past few months we put in extra effort to upgrade the platform and redesign its frontend."
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