Business And Markets
0

Iran Blocks 1,300 Overseas POS Terminals

Iran Blocks 1,300 Overseas POS Terminals Iran Blocks 1,300 Overseas POS Terminals

More than 1,300 point of sale terminals operating outside Iran have been blocked after the Central Bank of Iran enforced its decision to ban all such systems in foreign countries. 
In February the CBI announced a decision to ban all POS machines operating abroad. 
Following the directive, the Electronic Card Payment Network System (aka Shaparak), affiliated to the CBI, banned 930 terminals in foreign countries in the first round of its blocking operations in January, Shaparak website reported.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com