CBI: Card Payments to Remain Free for Cardholders

The Central Bank of Iran has stressed that cardholders should not pay any fees in the newly-unveiled model for electronic payment transactions.

“Charging customers for making transactions via POS terminals is illegal and there is no exception to the rule,” Mehran Mahramian, the CBI’s deputy for innovative services, said.

“In the new model, retailers, who accept payments via POS terminals, must pay a portion of the fees, not customers,” he added.