A formal ceremony in Tehran on Monday, attended by the Governor of Iran’s Central Bank and numerous Iranian bank executives, announced the launch of Iran’s “Shetab” card payment system for electronic funds and Russia’s “Mir” card payment system. A preliminary agreement regarding the connection was made. The move has taken effect.
In the first phase, Iranian citizens will be able to withdraw rubles from automated teller machines across Russia using the Shetab card under the Kafrova (Amber) smart debit card system.
In the second phase, Russian travelers will be able to use meal cards in Iran.
After the implementation of the third phase, Iranian citizens will be able to use the Shetab card at point-of-sale (POS) terminals in all stores across Russia.
According to CBI Director Mohammad Reza Farzin, the plan was finalized as a result of a meeting with Russia’s Elvira Nabiullina on the sidelines of the Bank of Russia’s Financial Conference held in St. Petersburg in 2016, and two domestic payments The systems are said to be interconnected. July.
