Iran and Russia inaugurated the first phase of linking Shetab and Mir payment networks, enabling Iranian cardholders to withdraw cash through participating Russian ATMs.
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What did the first ShetabโMir integration phase enable in November 2024?
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Explanation
The first phase concerned ATM access; reciprocal use and merchant payments were described as later phases.
ShetabโMir bank-card integration was the same system as the SEPAMโSPFS banking-message connection.
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Explanation
These served different functions: card payments and withdrawals versus interbank messaging.