To Join International Payment System
- An official in the banking sector announced that negotiations are under way to connect Iran’s banking to the international payment systems, referring to the CBI enjoying the required software and hardware infrastructures; a Japanese and a Chinese companies have already voiced their readiness for such cooperation.
- According to a member in Bank Sepah board members, its Frankfurt branch is now connected to SEPA; this membership will also be confirmed by Deutsche Bundesbank having installed the required systems and trained the branch staff. This membership will then enable Iranian banks to make payments without the SWIFT intervention.
- After Mobin Trust Consortium, the majority shareholder, settled its overdue debts, the Privatization Organization of Iran put off the revocation of the Telecommunication Company of Iran privatization deal.