The plan to transfer subsidies to Iran's digital wallet has reached the implementation review stage. The Targeted Subsidy Organization is in the process of providing the necessary information for the execution of this plan through correspondence with the Central Bank. This action is aimed at facilitating the deposit of subsidies into individuals' accounts.
Correspondence with the Central Bank and Information Provision
The Targeted Subsidy Organization has announced that correspondence has been conducted with the Central Bank for the deposit of subsidies into Iran's digital wallet, and it is planned that individuals' national ID numbers will be provided to this bank. The Central Bank will use the national ID number and the bank account number provided by individuals to facilitate the deposit of subsidy amounts into Iran's digital wallet.
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Number of Digital Wallets and Payment Methods
According to the provided information, the Central Bank has been able to define 90 million digital wallets for citizens. These wallets allow users to make payments using the code `*98` without the need for an internet connection. This action can help improve individuals' access to subsidies and facilitate the payment process.
The Cabinet had previously mandated the Targeted Subsidy Organization to provide the Central Bank with information on the beneficiaries of this plan, including national ID numbers, mobile phone numbers, and the amount to be credited. This information allows the bank to effectively manage the deposit of subsidies and enables individuals to easily access their financial resources.
Consequences and Importance of the Plan
The implementation of this plan is considered an important step towards improving the subsidy distribution system and increasing economic transparency. Given the high number of defined digital wallets, it is expected that this plan will have a positive impact on the financial and social trends in the country. Additionally, this action can help reduce existing problems in the transfer of subsidies and increase individuals' access to financial services.
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