The instant payment system (bridge) will be operational next month

According to Monetary News, quoted by the Central Bank, Mehran Moharramian, Deputy Central Bank of New Technologies, said: “The Central Bank is based on the latest world standards in the banking industry and by analyzing the needs of the banking sector long ago and almost in line with the world, the system Instant payment is on the agenda. This system has now reached the stage of operation in the banking network after the final tests.

The Deputy Minister of New Technologies of the Central Bank continued: Replacing the card-to-card method with another system that provided more accurate guidance and monitoring of the banking network as well as risk management, was a necessary step that fortunately the bridge system by developing account processes, this necessity Answers.

He emphasized: “Since last year, extensive coordination has been started with banks to operate this service, and now national banks, Mellat, Ayandeh, Saderat, Keshavarzi, Parsian, Saman, Dey, Cooperative Development, Pasargad and the Middle East have passed the final test stage.” According to the project managers, we will see the operation of the bridge system next month.

It is worth mentioning that the bridge system (instant payment system) is an interbank service, coordinated and standard in the country, which, under the supervision of the Central Bank, provides instant settlement of large volumes and small amounts at any hour of the day and night and transfers money in It is done instantly and based on the account number.

Based on market needs and customer expectations, the bridge system introduces a new internal electronic credit transfer tool in which each transaction is processed and statused within seconds. Also, the advantages of this system include a lower fee compared to card-to-card service, ease of account transfer, and 7-in-24 operation without interruption throughout the year.