Electronic Micropayment(EMP)

Electronic Micropayment

Countless financial institutions and payment service providers (PSPs) are migrating away from traditional magnetic stripe cards -which require an online infrastructure- to offline, contactless solutions for low-value payments (micropayments). Applying an electronic micropayment (EMP) solution solves a multitude of issues resulting from cash usage faced by customers, merchants and governments. However, substituting the use of cash with traditional electronic payment tools such as credit and debit cards also imposes a substantial burden on PSPs. Thanks to the experience gained from launching multiple automated fare collection (AFC) systems, FANAP has designed and developed a comprehensive solution: Payvand. Payvand is the essential infrastructure for the administration and management of electronic micropayments. With FANAP’s solution, customers can use their standard e-wallet with several types of card-acquiring devices (merchants) which are connected to the Payvand network.


  • End-to-end solution: covers every single system element needed to implement EMP
  • Consistent with the MIFARE family
  • Diverse methods to recharge the e-wallet (online, via SMS or USSD, web-kiosks, manned kiosks, etc.)
  • Attracts a considerable amount of turnover to bank networks
  • Applicable to a wide range of businesses, from public transportation and retailers

Electronic Micropayment(EMP)


  • Low operational cost thanks to offline performance
  • Automatic settlements among stakeholders
  • Shorter transaction time compared to magnetic cards
  • Cash, printing, and maintenance cost breaks
  • Comprehensive integration
  • Resolves cash-related issues for customers, governments and PSPs

Project References

Development of a JAVA e-wallet in cooperation with Pasargad bank Launched e-wallet distribution in the 3rd quarter of 2015 12,500 merchants in public transportation 2,000 retail merchants