Economy, Business And Markets

Warning Aging Foreign Dominance

Warning Aging Foreign Dominance Warning Aging Foreign Dominance

A banking official has warned central bank authorities against foreign investors controlling the national electronic payment system in case they start offering visa and master card services in Iran. Hamed Mansouri, head of electronic payment company Asan Pardakht, claimed on Sunday that the Iranian system is unique in the world and there is no need for the presence of foreign companies to improve it. “We just need to be able to offer international services to our clients and tourists who may visit Iran,” he added. However, he admitted that the Iranian electronic payment system is “very young” and needs to be improved by domestic IT pundits. Asan Pardakht, established in 2009, specializes in secure electronic payments. It offers point of sales, and mobile payment services known as unstructured supplementary service data.