Tag Archives | payment processing

Iran-Switzerland Payment Channel Ready: Official

The head of Iran-Switzerland Joint Chamber of Commerce announced that a payments channel has been developed and prepared to be inaugurated in a bid to boost bilateral trade between the two countries. In remarks released on Wednesday, Sharif Nezam Mafi said the financial mechanism has been prepared and its operational features have been announced. The […]

France Says SPV to Be Implemented in ‘Coming Days’

The French foreign minister said the special purpose vehicle (SPV), the EU mechanism aimed at facilitating trade with Iran in the US sanctions era, would be established in the “coming days”. The SPV “should be implemented in the coming days”, Jean-Yves Le Drian told the French parliament’s foreign affairs committee, Reuters reported late on Wednesday. […]

UAE Payments Firm in talks with Iranian Banks

The CEO of Network International, the largest payments processor in the Middle East and Africa, has said the company could begin working with some of Iran’s largest banks this year. Bhairav Trivedi (pictured) told Reuters the company is in talks with the banks about how it could begin processing transactions without breaching the remaining economic […]