Code: 82010348 (5241843) | Date: 23/03/2016 | Time: 11:16|
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Sanctions cause evolution in Iran's banking sector

Tehran, March 23, IRNA – A senior German official said here on Wednesday that anti-Iran sanctions have created evolution in the country's banking system in designing new technologies.

Talking to IRNA, a senior official at German international Company Traxpay, Markus Rupprecht, said amid imposing sanctions many latest banking and information technology programs and software have been designed in Iran and are currently employed in this country.

Pointing to the second seminar on Iran-Europe banking and trade relations in Tehran, he said he had become acquainted with several Iranian banking technologies during his visit to Iran.

'Iran has designed several banking systems and has made considerable progress in the banking sector,' he added.

The second seminar on Iran-Europe banking and trade relations opened in Tehran on March 5, 2016.

Talking in the seminar Governor of Central Bank of Iran (CBI) Valiollah Seif welcomed expansion of cooperation with the European Union investors.

He said expansion of trade ties between Iran and the EU countries will provide the chance for the European investors to use the exceptional opportunities opened up in Iran now.

He said this will also benefit the Iranian economy by helping it absorb productive capital to speed up the pace of development.

Stressing that the Iranian economy is now going through a historic phase, he said the country was experiencing a new chapter of economic development and is just starting to develop its great potential.

Founded in 2009, and venture backed by global leaders in banking, payments, FinTech, and enterprise software, Traxpay and its cloud-based B2B (business-to-business) Dynamic Payments platform provides secure bank-grade and regulatory compliant financial process automation and B2B payments services to corporates, digital marketplaces, and B2B commerce networks.
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