Iran issues first local credit cards in decades

PanARMENIAN.Net – Iranian banks have begun issuing credit cards for the first time in decades, local media reported on Monday, September 26, the Associated Press reports.

The report by several newspapers, including the daily Donya-e-Eqtesad or World of Economy in Farsi, said the cards will be for domestic use only and do not involve any sort of partnership with a major international credit card company.

Full story: panarmenian.net