Iran Payment & e-Banking News

Iran Chamber of Guilds has voiced support for moves by the Central Bank of Iran in introducing a new model for e-payment transaction fees obliging retailers to pay fees for every transaction…

The Central Bank of Iran's long-awaited plan for reforming retail e-payment fees is in the final stages and should reportedly reduce the share of accepting banks by charging merchants instead.…

Nilson Report, a credible source of news and analysis of the global card and mobile payment industries, has ranked seven Iranian payment service providers among the World Leading Merchant…

The government's Digital Economy Management Commission ordered Shaparak Company, the main e-payment network, to suspend new rules obliging payment facilitator applications to display the online…

Electronic payments processed by Iran’s domestic payment network Shaparak grew 14.8% in the first half of the current fiscal year (started March), compared to the same period last year. 

A review of the average fees acquiring banks must pay for transactions shows that small payment transactions add to  their costs. Data released by Shaparak, the company in charge of the…

The nationwide e-payment settlement network, Shaparak, processed an estimated 38.85 billion payments worth 71,274 trillion rials ($236.8 billion) in the last fiscal year that ended in March.…

The Central Bank of Iran on Sunday increased the credit card limit by four times allowing banks to offer up to 2 billion rials ($8,000) in credit. The measure is in line with CBI efforts to…

The Central Bank of Iran is to authorize the first neobank by the March yearend but digital banking experts doubt the readiness of the banking industry to admit fully digital players. Last…

Shaparak, the Central Bank of Iran-affiliated supervisory body in charge of the payment settlement network, released its report for the second month of the current fiscal to May 20 showing a…

The Central Bank of Iran will soon unveil its contactless payment scheme, allowing cardholders to make payment transactions solely using their smartphones, the bank's governor says.

Shaparak Company, the body in charge of supervising Iran’s e-payment network, is making concerted efforts to better detect fraud and improve security of the fledgling e-payment network, the…

The Central Bank of Iran is expanding infrastructure for contactless payment via QR codes and digital wallets in a bid to limit the coronavirus outbreak via circulation of banknotes among the…

More than 3.7 billion transactions were processed via automated teller machines in the first eight months of the current fiscal year that ends in March. 

The number of active bank debit cards, used for at least one transaction, increased by 1.3 million from Sep.23 to Nov.21.  On Nov.21, the number of bank cards reached 101.9 million, up…

The Central Bank of Iran's press release indicates considerable growth in operations of key electronic banking platforms during the first half (March-Sept. 2019) of the current fiscal year.…

While many leading economies are increasingly moving away from using cash in their transactions, many businesses in Iran insist on cash for a variety of reasons, despite reasonable levels of e-…

Using one-time password is expected to significantly reduce the possibility of phishing attacks, says the governor of the Central Bank of Iran.  Abdolnasser Hemmati said the OTP is…

Out of 340.6 million cards issued by banks more than 96.9 million, including debit cards, credit cards and gift cards, conducted at least one transaction during the first month (March 21-April…

As part of efforts by the Central Bank of Iran to crack down on capital flight which the banks partly blame for the currency market volatility, the CBI is enforcing its decision to ban all…

The Eight Conference on Electronic Banking and Payment Systems opened at Tehran’s iconic Milad Tower on Tuesday.  The two-day event, organized by the Monetary and Banking Research…

The 4th Iran Transaction Exhibition opened on Tuesday at Goftegoo Park in Tehran. This year’s edition, known as ITE 2018, is being held under the theme of ‘Transaction Against Sanctions’, a…

Ongoing currency fluctuations in Iran have the potential to put a dent in the strong growth of the country’s payment network, the head of Informatics Services Corporation, the company in charge…

Iran has proposed to integrate its bank card switch with Georgia in a move aimed at boosting tourism revenues for the two countries.

The proposal was made by Iran’s Minister of Economic…

Finex 2018, the biggest financial sector exhibition in the Middle East, opened on Monday at Tehran’s International Fairground to host a wide array of businesses, officials and potential…