Economy, Business And Markets

PSP Unveils In-App Payment Solution

PSP Unveils  In-App Payment SolutionPSP Unveils  In-App Payment Solution

Kish Iran Credit Card Company, an authorized payment service provider, unveiled PayPat application for use in both Android and IOS devices. The application works as a third-party payment platform allowing mobile developers to offer “in-app purchases.” Peyman Tabari, the company’s IT director, said that the new platform is authorized by Shaparak Company– the payment industry’s regulator–and helps Fintech startups remain independent, the company’s website quoted him as saying on Teusday. “The new platform allows mobile users to make payments through authorized gateways while using the application,” he added. According to Central Bank of Iran regulations, only PSP companies are allowed to have access to cardholders’ data, which compels fintech developers to work under the PSP auspices.