Baku, Azerbaijan, Apr. 17
By Khalid Kazimov – Trend:
Head of Central Bank of Iran Valiollah Seif has said that talks are underway to connect the country’s nationalized ATM card system with inter-bank payment systems of the neighboring countries.
According to Seif, once the idea is realized Iranians can use their ATM cards in the neighboring countries and vice versa, ILNA news agency reported Apr. 17.
He added that the Central Bank of Iran has held talks with Turkey and Azerbaijan in this regard, and expressed hope that the connection of the inter-bank payment systems would be realized over the current year.
It should be noted that during Iranian President Hassan Rouhani’s trip to Azerbaijan in August 2016, a meeting was held between heads of central banks of Iran and Azerbaijan, Valiollah Seif and Elman Rustamov. The sides signed a memorandum of understanding (MOU) after the meeting. The memorandum envisages the integration of the two countries’ card systems.
