MPs Propose Integration of Bank Accounts, Debit Cards

A proposal by lawmakers has called for the integration of bank accounts and debit cards of all Iranians, a member of the Majlis Committees and Interior Affairs Commission said.
“There are around 500 million active debit cards as we speak. This makes an average of 7 bank cards for each Iranian which is a potential risk for the country’s economic security and can create complications,” Abolfazl Aboutorabi was quoted by Tasnim News Agency as saying.
Elaborating he said, “for example, people who have been convicted [by a court of law] and their bank accounts are invalidated, those involved in money laundering, illegal aliens… can easily rent cards from individuals and abuse it.”