Iran, Malaysia to connect credit cards
Tehran, Iran, October 9
By Mehdi Sepahvand –- Trend:
Iran and Malaysia are in talks to connect their credit card systems, said Central Bank of Iran Governor Valiollah Seif.
Malaysia is a leading Islamic country in banking and Iran hopes to use its knowhow to develop its banking system, Seif said on the sidelines of his trip to Southeast Asia along President Hassan Rouhani, CBI reported October 9.
The Iranian official said the bid will particularly help businessmen and tourists from either side visiting the other country.
He said during talks with his Malaysian counterparts, Iran and Malaysia also discussed opening shared accounts between trade banks on both sides to ease trade services.
According to Seif, Iran and Malaysia are also going to launch a joint banking committee to remove obstacles against cooperation.
He added that his Malaysian counterpart is invited to Tehran for next week, when Iran and Malaysia will finalize their agreements.
President Rouhnai Oct. 8 left Malaysia capital city of Kuala Lumpur for Thailand to discuss expansion of trade ties.
The Iranian president launched his Asian tour on Wednesday morning. The Vietnamese capital of Hanoi was his first destination.
He described Asia as a highly important continent for Iran, adding, “The 21st century belongs to Asia.”
An economic delegation has accompanied Rouhani during the visit where a couple of documents on cooperation have already been signed.