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“Fanafzar” Symbol Listed in Iran OTC

by | Jan 4, 2023 | News | 0 comments

TOSEE FANAFZARE TOSAN known as “TOSAN TECHNO” was listed in Iran Over-the-Counter (OTC) market also known as Iran Fara Bourse (IFB) as the biggest knowledge-based producer of e-payment terminals and banking machines; major step on their path to enter country’s capital market.

In a recent statement IFB announced that TOSEE FANAFZARE TOSAN was registered in Iran Stock Exchange Organization (SEO) on December 31, 2022, and after fulfilling all requirements was listed on IFB on January 2, 2023 as the 290th tradable symbol (184th company) to be accepted in the market.

TOSEE FANAFZARE TOSAN was first accepted in IFB on July 19, 2022 and is now ready for a powerful presence in capital market with “Fanafzar” symbol in “Computer and related activities” division.

With a capacity of annually producing 400 thousand e-payment terminals, and 2000 banking machines, TOSEE FANAFZARE TOSAN is the biggest producer of e-payment and banking machines in Iran with 85 service centers across the country. TOSEE FANAFZARE TOSAN as a 12-year-old company in the TOSAN GROUP enjoys 35% share in Iran’s e-payment terminal market and 90% in Iran’s CRS banking machines. TOSEE FANAFZARE TOSAN’s products are used in more than 16 banks and 20 e-payment companies.

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