Financial Institutions Can Offer E-Wallets

Banks and non-bank credit institutions can offer electronic wallets to help facilitate micro transactions, says the Money and Credit Council, the highest supervisory and regulatory body of Iran's financial markets.
The council said using electronic wallets should not lead to money creation or expand the money supply. Financial institutions are required to develop their e-wallet platforms in harmony with rules of the Central Bank of Iran to be announced soon, a CBI press release said. 
A digital wallet (or e-wallet) is a software-based system that securely stores users' payment information and passwords for numerous payment methods and websites.