Tuesday, January 04, 2005

No restriction in issuing intl. master cards in Iran

No restriction in issuing intl. master cards in Iran: "No restriction in issuing intl. master cards in Iran
TEHRAN, Jan. 2 (MNA) – A board member of the National Informatics Company said that Iran deals with no sanction or global restriction in issuing master cards for which there has been a large demand in the country.
The Central Bank of Iran (CBI) is in charge of issuing international master cards but has not yet issued them, Hossein Navab-Kashani added.

However, some officials believe that the international sanctions imposed on Iran have caused restrictions in using popular credit cards in the country. Master cards are considered a key electronic banking service in the world but Iran has not been able to use them since it has not yet joined the World Trade Organization (WTO).

Iran has recently taken a policy to make smart cards popular in society which has been a successful experience so far. Although Iranian banks are not able to issue the international master cards, they have issued similar cards for their local clients."

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