Payment
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CBI’s Planned Instant Payment System Draws Censure From PSPs
EghtesadOnline: Central Bank of Iran is to unveil an instant payment system which will replace the existing card-to-card transfers.
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Payment Co. Loses Pole Position
EghtesadOnline: For the first time since the birth of Shaparak Network, Iran's domestic payment network, Beh Pardakht Mellat e-payment company lost its pole position as company with the highest…
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Payment Gateways Under Scrutiny
EghtesadOnline: 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.
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CBI Launches EMV-Based Mobile Payment Mechanism
EghtesadOnline: The Central Bank of Iran on Monday launched a previously announced contactless payment mechanism based on EMV standard.
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CBI to Ease Contactless Payment
EghtesadOnline: 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…
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Small Increase in E-Transactions
EghtesadOnline: Shaparak, the main payment settlement network in Iran, processed 2.92 billion transactions worth 4,875.12 trillion rials ($16.25 billion) in the last calendar month to Sept. 21.
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Iranian Fintechs Propose a Way Out of Payment Fee Quandary
EghtesadOnline: Iran’s Fintech Association has proposed a new fee system for online payment in which payment aggregators and payment service providers cover the network fees, which are currently…
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Payment Network Reports 33% Increase in Transactions
EghtesadOnline: The nationwide payment settlement network, Shaparak, processed more than 2.87 billion payments worth 5,199.28 trillion rials ($23.3 billion) in the calendar month to July 21.
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SHTA Is Much Ado About Nothing
EghtsadOnline: The Swiss government's payment channel for humanitarian goods to Iran, known as Swiss Humanitarian Trade Arrangement (SHTA), is plagued by delays, raising concerns about the viability…
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Payment Deal With Iraq in Final Phase
EghtesadOnline: Head of the International Department of the Central Bank of Iran said constructive talks were held with Iraqi officials during his tour to the Arab country, which could result…
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Digital Payment Dominates
EghtesadOnline: More than 2.73 billion transactions worth 3,886.38 trillion rials ($18.5 billion) were processed by the national retail payment network ‘Shaparak’ during the calendar month to…
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Iraq Activating Iran Payment Mechanism
EghtesadOnline: Iran and Iraq will invoke past agreements to expedite settlement of Iraqi arrears using a trading mechanism designed to supply basic goods to Iran.