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Payment Gateways Under Scrutiny

Payment Gateways Under Scrutiny
Payment Gateways Under Scrutiny

Iran's e-payment network regulator, Shaparak, suspended operations of 400,000 online payment gateways and point-of-sale (POS) terminals in the past few weeks. 
The crackdown was in line with efforts to curb tax evasion and suspicious transactions through unidentified payment instruments, Kazem Dehghan, the Shaparak CEO, said. The nationwide electronic payment settlement network is affiliated to the Central Bank of Iran. 
"The blocked devices were owned by people whose tax profiles were incomplete or who were deceased," he was quoted as saying by IBENA, the news agency affiliated to the Monetary and Banking Research Institute.  

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