What Tosan Techno does

Tosan Techno (توسن‌تکنو, legal name Tose-e Fanavari Tosan) is Iran's largest knowledge-based manufacturer of electronic payment terminals and banking machines, operating as a publicly listed entity on Iran Fara Bourse under ticker FANAFZAR (فناور) and headquartered in Tehran with primary manufacturing at the 8,000 sqm Caspian Industrial Town facility in Qazvin. The company designs, produces, and services a portfolio spanning POS terminals (TECHNO P-series, A-series, M500 Android POS, D-series, Q80, IM30, SP20 PIN pad), automated teller machines (TECHNO H68N, H22N, ATM-R recyclers), self-service kiosks (TECHNO AK700, WK100, WK300, GOLD KIOSK), video teller machines (TECHNO VTM800), and a software stack for terminal management (TECHSTORE), corporate card management (TECHCARD), banking machine interaction (TECHNO ITM), fleet monitoring (APEX), and transaction monitoring (TECHNO EYE PLUS). Five business units — TECHNO (products), MoneyTech (secure banking machine network), Point (نقطه/persian: maintenance), Artin (AI), Taksa (tax services), and Shop (retail) — extend the offering beyond hardware into recurring service and software revenue.

The company's commercial model combines direct enterprise sales to Iranian banks and payment service providers through the Point unit (85+ service offices nationwide), an e-commerce storefront (shop.tosantechno.com) for individual and SMB POS buyers, and a reseller referral program. Customers include 16+ banks and 20+ PSPs, with marquee deployments at Bank Melli Iran (600+ ATM-R units across 32 provinces), Bank Mellat (largest CRS contract in the country), and Bank Refah Kargaran. Tosan Techno reports 34% market share in POS terminals and 95% in ATM-R, with annual revenue of 2,910 billion Tomans in FY1403 (ending 30 Azar 1403) representing ~37% growth over FY1402's 2,120 billion Tomans. Authorized representations of GRGBanking, HYOSUNG, NCR, King Teller, GWI, and ATEC AP (LG CNS) in Iran supplement domestic manufacturing, while an MoU with Amirkabir University of Technology anchors its AI and digital banking R&D pipeline. The business is wholly Iran-domestic in current revenue mix, exposing it to sanctions-related procurement and currency volatility.

Name

Tosan Techno

Legal name

Tose-e Fanavari Tosan (Tosan Techno Development Software Company) - شرکت توسعه فن‌افزار توسن (سهامی عام)

Website

https://tosantechno.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Tosan Techno is Iran's largest knowledge-based manufacturer of electronic payment terminals (POS) and banking machines (ATM, ATM-R, VTM), holding 34% POS and 95% ATM-R market share and serving 20+ banks and 22+ PSPs through 85+ nationwide service offices and proprietary hardware, software, and AI offerings.

Ownership category

akta.pro rank

Product category

Banking and Payment Hardware Manufacturing

NAICS

Computer Terminal and Other Computer Peripheral Equipment Manufacturing (334118), Computer and Peripheral Equipment Manufacturing (33411), Electronic and Precision Equipment Repair and Maintenance (8112), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Computer Terminals (3575), Electronic Computers (3571), Services-Computer Programming Services (7371)

akta.pro primary industry

POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO)

akta.pro secondary industries

ATM Deployers & Managed ATM Services (IAD/ISO) (FSAMAOAC), Cash Drawers, Cash Handling & Coin/Bill Counters (HDACAKAE), Payment Orchestration Platforms (FSAGABAA)

Keywords

• Electronic payment terminals
• POS manufacturing
• Banking machines
• Digital banking solutions
• Payment processing hardware

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Electronic Payment Hardware Sales: Sale of electronic payment terminals (POS devices), banking machines (ATM, ATM-R, VTM), kiosks, and related peripherals to banks, PSPs, and merchants. Primary revenue driver.
2. Maintenance and Support Services (Point): Installation, maintenance, repair, and support services for banking machines across Iran's 85+ service points, serving 16+ banks and 20+ PSP companies.
3. Payment Software Licenses: Software solutions including TECHSTORE (terminal management), TECHCARD (corporate card management), TECHNO ITM, APEX, TECHNO EYE PLUS, and SIPA 2.
4. Digital Banking Solutions: Sale of branch transformation products including self-service kiosks, VTMs, and banking software for digital transformation of bank branches.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Tosan Techno designs, manufactures, and supplies electronic payment terminals (POS devices), automated teller machines (ATM and ATM-R cash recyclers), video teller machines (VTM), self-service banking and retail kiosks, and proprietary banking software platforms. It complements hardware sales with installation, maintenance, and repair services delivered through a network of 85+ service offices across Iran, serving 16+ banks and 20+ payment service providers as Iran's largest knowledge-based producer in this segment.

Product overview

Tosan Techno (Toseeh Fanavari Tosan) operates as Iran's largest knowledge-based manufacturer of electronic payment terminals (POS) and banking machines. The product portfolio spans two main categories: (1) Electronic Payment Solutions including TECHNO series POS terminals (P14, P10, P8, P3, A8900 K4, A8900 T5, A920 Pro, M500, D300, D600, D230, S915, IM30, Q80), TECHNO SP20 PIN pad, TECHNO AK700/E800/GOLD KIOSK self-service retail kiosks, and TECHSTORE/TECHCARD software platforms for terminal management and corporate card management; (2) Digital Banking Solutions including TECHNO H68N/H22N ATMs, TECHNO VTM800 video teller machines, TECHNO WK100/WK300 banking kiosks, and TECHNO ITM/APEX/SIPA 2/EYE PLUS software platforms for banking machine management, fleet monitoring, and transaction analytics. The ecosystem is complemented by four business units: Moneytech (secure banking machine network), Point (maintenance services with 85+ service points), Taksa (tax services), and ARTIN (AI solutions). The company holds 34% POS market share and 95% ATM-R market share in Iran, serving 20+ banks and 22 PSP companies.

Differentiator

Problem solved

Functional benefit

Brands

• MoneyTech (مانی‌تک): Secure and independent network for banking machines and payment terminals
• Taksa (تکسا)
• Point (پوینت)
• Artin (آرتین)
• Shop (شاپ)
• TECHNO (تکنو)
• TECHNO EYE PLUS
• TECHCARD
• APEX
• TECHNO ITM
• SIPA 2
• TECHSTORE

Products and services

• TECHNO POS Terminal Series

Quantifiable outcome

• 34% market share in POS terminal supply in Iran
• +8 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability9 records

Feature8 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Seamless Middle EastminorGTM or Marketing Partner · 18 May 2025Sixth consecutive participation as exhibitor at Seamless Middle East 2025 event in Dubai. One of the largest fintech events globally, bringing together 800+ speakers and 750+ exhibitors.
• Amirkabir University of TechnologycoreStrategic or Co-development Partner · 30 January 2019Joint collaboration announced at the 8th Electronic Banking Conference for localizing AI technologies in banking and payment solutions. Dr. Mohammad Mazaheri (CEO) signed the MoU with Dr. Masoud Saberi (President) and Dr. Bahador Bakhshi (Vice Dean) of the Computer and IT Engineering Faculty.
• GRGBankingcoreTechnology or IntegrationExclusive representative of GRGBanking in Iran for banking machines. GRGBanking is a key international banking technology brand whose products are distributed and maintained by Tosan Techno across Iranian banks.
• HYOSUNGcoreTechnology or IntegrationOfficial representative and service provider for HYOSUNG banking machines in Iran. Supports maintenance and repair services for HYOSUNG branded banking equipment.
• King TellercoreTechnology or IntegrationAuthorized representative for King Teller banking machines in Iran, providing sales, installation, and support services.
• NCRcoreTechnology or IntegrationAuthorized representative for NCR banking machines in Iran, supporting supply, installation, and maintenance services.
• GWIcoreTechnology or IntegrationAuthorized representative for GWI products in Iran, providing comprehensive banking technology solutions.
• ATEC AP (LG CNS)coreTechnology or IntegrationAuthorized representative for ATEC AP (LG CNS) banking machines in Iran.
• Iranian Banks (16+)coreOthersMore than 16 Iranian banks are customers of Tosan Techno for banking machines, ATM-R, and digital banking solutions.
• Electronic Payment Service Providers (20+ PSPs)coreChannel Partner/ Reseller/ DistributorMore than 20 electronic payment service provider companies collaborate with Tosan Techno for POS terminal supply and maintenance services.

Scale indicators14 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Ingenico (Worldline): Ingenico, now part of Worldline, is a global POS terminal manufacturer. Both companies produce electronic payment terminals and serve payment service providers and banks.
• Verifone: Verifone is a global leader in POS payment terminals and payment solutions. Tosan Techno competes in the POS terminal manufacturing space and serves the same merchant and PSP customer segments.
• Diebold Nixdorf: Diebold Nixdorf is a leading global provider of ATMs, POS systems, and banking software. Both companies compete in the ATM-R and POS terminal markets and serve the same banking customer segment globally.
• Hyosung TNS: Hyosung is a Korean ATM manufacturer. Tosan Techno is an authorized representative and service provider for Hyosung banking machines in Iran; both compete globally in ATM and cash recycling hardware.
• Newland Payment Technology: Newland Payment Technology is a Chinese POS terminal manufacturer serving global markets. Newland and Tosan Techno both produce Android-based POS terminals and target the same banking and PSP customer base.
• PAX Global Technology: PAX Global is a leading Chinese POS terminal manufacturer with global reach. Tosan Techno competes in the electronic payment terminal category with PAX, particularly in emerging and regional banking markets.
• NCR Corporation: NCR is a global manufacturer of ATMs, POS terminals, and banking software. Tosan Techno is an authorized NCR representative in Iran and competes in overlapping product categories including ATM hardware and branch transformation software.
• Centerm Information: Centerm Information is a Chinese manufacturer of POS terminals and smart terminals. Both companies compete in the electronic payment terminal hardware market globally.
• SZZT Electronics: SZZT Electronics is a Chinese POS terminal and payment solution manufacturer. SZZT and Tosan Techno both produce POS hardware and serve the banking and payment service provider market.
• GRGBanking: GRGBanking is a major Chinese ATM manufacturer. GRGBanking is both a Tosan Techno partner (exclusive representative relationship in Iran) and a direct competitor in the global ATM hardware space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeaparat.com/TOSAN_TECHNO
• Instagraminstagram.com/tosantechno
• Xx.com/TOSAN_TECHNO

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tosan Techno