Iran Central Bank to Launch Contactless Payment Using Mobile Phones

Source: PressTV

Central Bank of Iran (CBI) is working on a project to enable contactless payments in shops and stores as it seeks to reduce costs to users and banks in the country.

CBI Governor Abdolnasser Hemmati said on Saturday that the bank would soon unveil payment systems that solely use mobile phones and eliminate the need to use cards for day-to-day purchases in shops.