Gov't Looks to Boost Fintechs, E-Banking

The Iranian government is increasingly paying more attention to expansion of new financial instruments, mainly through supporting fintechs and developing electronic banking.
Minister of Economic Affairs and Finance Masoud Karbasian and Central Bank of Iran's Vice Governor Akbar Komijani have become the latest high-profile officials to speak in favor of lending a hand to fintechs and developing electronic banking.
"As the representative of the government in state-owned banks, the Economy Ministry welcomes the implementation of technologies promoted by fintechs and is endeavoring to devise regulations related to the climate of doing business in a way that will create no hurdles for them," Karbasian told IBENA.