Nooshafarin Momei made a presentation at a ceremony held in Tehran on Tuesday, announcing the second phase of the project and linking Iran’s Shettab payment system with Russian MIR, the report reported.
Momeni said Russian owners of MiR cards can pay at Iran terminals equipped with Myopia Field Communication (NFC) technology or through the MIR Pay application on Android smartphones.
CBI lieutenant governor Asgal Aborasani also said Iran and Russia will implement a third and final phase of integrating payment systems in December 2025.
In the first phase of the project, which was implemented last November, Iranian citizens were able to withdraw the ruble from the Russian automatic counter (ATM).
The official IRNA news agency said in a report that Iranians have made hundreds of thousands of transactions at Russian ATMs in the past few months, adding that the same is expected to happen to Russians using Iranian payment terminals.
The tourist centre, popular with Russians in Iran, is already equipped with terminals with NFC payment options, adding that in the near future the system will expand to more payment gateways in the country.
Iran and Russia have expanded fiscal and bank cooperation in recent years as part of a joint effort to offset the economic impact of US sanctions.
MNA