TEHRAN, Aug. 21 (MNA) – Iran’s ICT Min. Mahmoud Vaezi has clarified the misunderstanding about the activity, or lack thereof, of US-based multinational financial services corporation MasterCard in Iran.


Mahmoud Vaezi, Minister of Communications and Information Technology, said Sunday that there have been some confusion in regard to MasterCard activity in Iran; “what we announced was that the removal of sanctions has started a new phase of international cooperation on various communications fields, and due to this opportunity, Iran’s Post Company has signed a deal with an intermediary firm that offers international credit cards to Iranians.”

Vaezi went on to add, “at that time, we did not mention MasterCard at all, but some media assumed that the services were going to be provided by MasterCard.”

The company which offers international credit card services is active in Iran under the name ‘Vision Card’, Vaezi explained, while adding that MasterCard's announcement of not having any activities in Iran was correct.

Following the news about the activity of the US-based multinational financial services corporation MasterCard in Iran, the company’s spokesman Seth Eisen said on Aug. 15 that “MasterCard does not have any activities in Iran, as sanctions have remained in place for US-based companies for some time.”

“The Post Company as the distributor of the imported credit cards will distribute the services among Iranians through an intermediary firm,” he added.

About the activities of Iran’s Post Company for delivering products bought by Iranian people via international websites such as eBay and Amazon, he said “the Post Company has signed a contract with an intermediary firm to deliver the products bought from these two websites to Iranian customers.”

By Mehr News Agency