MasterCard will come to Iran

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MasterCardMasterCard International payment system will start working in Iran since 23 August. This was reported by a local television channel Press TV with reference to the statement by the Minister of Communications of the Islamic Republic Mahmoud Vaezi.

According Vaezi, MasterCard debit and credit cards will be introduced into circulation Iran Post postal service that has signed an agreement with the payment system. The minister also stressed that the people of Iran will be able to carry out payment transactions when traveling abroad, purchase of foreign publications and articles to attend international conferences.

However, as he said the head of the Ministry of Communications, the accounts of these cards the Iranians will be able to store no more than $ 10 thousand, and holding them banking operations must be conform to the rules established by the Central Bank of the Islamic Republic.

Iran and USARecall due Sledge US in Iran so far has been forbidden to use American card systems and to carry out payment transactions in dollars. This condition makes it difficult transnational money transfers and payments.

To date, the payment of Iran is the market leader in the local Shetab system, created in 2002. Prior to her appearance plastic cards in the country emitrirovali several Iranian banks, but they are only compatible with their ATM networks. In the international market Shetab operates in several countries in the Gulf, particularly in Kuwait, the UAE and Qatar. In addition, Iran’s payment system linked with its Chinese analogue of UnionPay.

ShetabFrom the first international payment systems in Iran Brazilian Primeiro Pay it was introduced. At the beginning of 2016 she went to the local market just a few days after the lifting of sanctions.

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