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Iran's CB: New Instant Payment System Making Headway
The Central Bank of Iran says it expects growth in the use of its recently-unveiled instant interbank transaction network, known as Pol.
Hamidreza Norouzi, the head of the Pol project, said the new system is currently processing an average of 9,000 transactions a day worth 2,170 billion rials.
"This service is offered via almost 40% of bank gateways in the country," the Electronic Banking magazine quoted Norouzi as saying.
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