Bank Mellat Unveils NFC Payment System

Bank Mellat’s payment application “Seke” (Persian for coin) now allows customers to use NFC (Near Field Communication) technology for making payments. Rostam Shah Garshasbi, director of Beh Pardakht Mellat Company, said that the platform is developed in accordance with banking standards and regulations, “and is highly secure,” way2pay.ir quoted him as saying. The service is available only for customers of Bank Mellat, and those who use POS terminal of Beh Pardakht Mellat, the payment company affiliated with the bank. “About 70% of our POS terminals are already equipped with NFC technology,” Shah Garshasbi said. The app is also compatible with smart phones running iOS and Android operation systems. NFC method makes transactions possible by holding two electronic devices 10 cm from each other.