Tarakonesh Hamrah Tosan (MoneyTech)
“Tarakonesh Hamrah Tosan,” also known as “MoneyTech,” is a secure and independent network of banking machines established by Tosan Techno as an IAD business in Iran’s banking and payment information technology industry.
IAD stands for Independent ATM Deployers or a network of independent ATM developers whose successful examples are growing and providing services worldwide. More than 3,000 active ATMs throughout IRAN are currently serving under the MoneyTech license. Some Iranian banks, such as “Day Bank”, cooperate with MoneyTech by communicating with Switch.
The primary goal of “Tarakonesh Hamrah Tosan” is to establish a secure and independent network of banking machines in the country to innovate existing services and establish a digital IAD by providing value-added services.
The company attempts to develop its products through artificial intelligence and other technology and innovation in mobile banking. MoneyTech’s digital services include the provision of mobile applications and digital wallets.
MoneyTech also provides banking machine maintenance, fraud detection, fraudulent transaction control, anti-money laundering, terminal definition, reconciliation, settlement, monitoring, and call center services.