How did Iran manage to Issue MasterCards in the country? It didn’t! 

Last March, it was announced that the Central Bank of Iran Central Bank of Iran initiated the processes of negotiating with Visa and MC is to have their services in the country. But again U.S. sanctions are causing trouble for any kind of cooperation with Iran. “MasterCard does not have any activities in Iran, as sanctions have remained in place for US-based companies for some time,” the spokesman of MasterCard, Seth Eisen told Azerbaijan’s Trend. 


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