Iran Kish Credit Card Co (Kiccc)
Iran Kish Credit Card Co is a CBI-licensed Iranian payment service provider operating one of the country's largest POS and internet payment gateway networks across 39 provinces, serving banks, merchants, and consumers via the Pat Life super-app and three national payment projects.
- Company typePublic
- Founded2003
- HeadquartersTehran, Iran
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Iran Kish Credit Card Co (Kiccc) does
Iran Kish Credit Card Co (Kiccc) is a Tehran-headquartered, publicly listed Payment Service Provider (PSP) operating one of Iran's largest electronic payment acceptance networks. Founded in 2003 under license number 1592 in Iran's Kish Free Trade Zone and granted a PSP license by the Central Bank of Iran in September 2006, the company has been listed on the Tehran Stock Exchange (ticker Rikish) since 2012. The company employs over 2,000 personnel across 39 regional offices spanning every Iranian province, including the Kish and Qeshm free-trade zones.
The technology stack centers on a proprietary payment switching platform (SWITCH) supporting POS terminals (GSM, Bluetooth, LAN, and PC-based variants), an Internet Payment Gateway (IPG), and the Pat Life mobile super-app. Pat Life integrates contactless NFC payments, QR-code payments, the Termeh digital wallet, virtual card issuance, mobile top-up, and bill payment, and serves as the deployment platform for three CBI-mandated national projects: contactless payment, digital Rial (CBDC), and Meer Shetab (national payment-switch migration). Supporting infrastructure includes multi-acquirer and multi-merchant processing, instant merchant settlement, IBAN generation, discrepancy tracking, and merchant reporting portals.
Revenue is generated through a transaction-based take-rate model on POS and IPG volumes, POS hardware sales and rental, IPG registration and maintenance fees, credit card issuance and management for partner banks, and value-added services (mobile top-up, bill payment, insurance). The go-to-market combines a direct B2B field-sales motion targeting merchants (legal entities and individuals) across Iran with a bank partnership channel serving institutions including Bank Tejarat, Bank Saderat, Bank Refah, Bank Karafarin, and Bank Middle East. Bank Tejarat is both the controlling shareholder (52.54% via Tadbirgaran Technology of Tejarat Trade IT) and the flagship commercial partner.
Iran Kish Credit Card Co (Kiccc) firmographics
Firmographics- Name
- Iran Kish Credit Card Co (Kiccc)
- Legal name
- شرکت کارت اعتباری ایران کیش
- Website
- https://irankish.com
- Company type
- Public
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Iran Kish Credit Card Co is a CBI-licensed Iranian payment service provider operating one of the country's largest POS and internet payment gateway networks across 39 provinces, serving banks, merchants, and consumers via the Pat Life super-app and three national payment projects.
- Ownership category
- akta.pro rank
Iran Kish Credit Card Co (Kiccc) industry classification
Industry- Product category
- Payment Services
- akta.pro primary industry
- Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)
- akta.pro secondary industries
- Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD), POS-to-Online Unified Payments (Omnichannel Payments) (CRAFALAL)
Keywords
Where Iran Kish Credit Card Co (Kiccc) is headquartered
LocationHeadquarters
- HQ city
- Tehran
- HQ country
- Iran
- HQ region
- Middle East
Offices39 records
Markets served
Iran Kish Credit Card Co (Kiccc) business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Transaction/Interchange Fees: Revenue from processing electronic payment transactions through POS terminals and internet payment gateways, earning a percentage or fixed fee per transaction.
- POS Terminal Equipment Sales and Rental: Sale and lease of POS terminal hardware devices to merchants.
- Internet Payment Gateway (IPG) Services: Registration and maintenance of internet payment portals for e-commerce merchants, generating recurring service fees.
- Credit Card Issuance and Management: Issuance and management of credit cards for banks and financial institutions, originally the company's founding mandate under CBI-licensed PSP operations.
- Value-Added Services (Mobile Top-up, Bill Payment, Insurance): E-voucher sales, mobile operator recharge, bill payment processing, and insurance services through POS and mobile platforms.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transaction-based commission model |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Iran Kish Credit Card Co (Kiccc) product offering
Product offeringCore offering
Iran Kish Credit Card Co (KICCC) is a licensed payment services provider (PSP) issuing credit cards on behalf of partner banks and deploying a full POS-terminal portfolio (GSM, Bluetooth, LAN, and PC-based) to merchants across Iran. It operates an Internet Payment Gateway (IPG) for e-commerce, the Pat Life consumer mobile application with a Termeh digital wallet, NFC contactless and QR-code payment rails, mobile top-up, bill-payment, and a proprietary MPG multi-acquirer switching platform, all under a Central Bank of Iran PSP license held since 2006.
Product overview
Iran Kish Credit Card Co operates as a licensed Payment Service Provider (PSP) offering an integrated portfolio of payment acceptance infrastructure, digital payment services, and merchant support systems. The core offering centers on POS (Point-of-Sale) terminal hardware and related software services, including GSM POS, Bluetooth POS, LAN POS, and PC POS variants with specialized options like barcode scanners and printer connectivity. The product ecosystem is anchored by the PutLife mobile application which serves as a multi-functional digital payment platform supporting QR code payments, NFC contactless transactions, and multi-wallet capabilities. Supporting services include merchant reporting portals, transaction monitoring tools, discrepancy tracking systems, IBAN generators, bill payment processing, mobile operator credit charging, installment payment services, multi-acquirer/multi-merchant aggregation, instant merchant deposits, and loyalty/discount management systems. The company also develops proprietary software including payment switching systems, business intelligence platforms, and the EMV-compliant NFC contactless payment infrastructure implemented for Bank Saderat.
Differentiator
Problem solved
Functional benefit
Brands
- پات لایف (Pat Life): Mobile application platform for payment services, digital credentials, and financial transactions
- پرداخت سبز (Pardakht Sabz)
- MPG
Products and services
- POS Terminals (GSM, Bluetooth, LAN, PC) In-house POS terminal hardware line offered in GSM, Bluetooth, LAN, and PC-based variants, deployed to merchants across Iran for in-person card and electronic payment acceptance.
Quantifiable outcome
- Ranked 30th globally among 150 payment and acceptor companies (up from rank 33) in Nilson Report
- +3 more outcomes
Companies that use Iran Kish Credit Card Co (Kiccc)
Customer profileNamed customers33 records
Segments3 records
Ideal customer profiles3 records
Iran Kish Credit Card Co (Kiccc) technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Iran Kish Credit Card Co (Kiccc) partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered flagship, core, minor and major.
- Bank Tejarat (Tejarat Bank)flagshipBank Tejarat is the largest and most important banking partner of Iran Kish. The bank's representative (Amir Hossein Davodian) serves as Chairman of Iran Kish's Board of Directors. The bank is a co-sponsor in Iran Kish's capital increase and equity trust fund. Iran Kish provides PSP services, POS terminal networks, and co-branded card issuance for Bank Tejarat.
- Tafta Holding (Tashkhis-e Fa'al-e Tafahom Digital — تفتا)coreTafta Holding is a technology holding company within the Tejarat Bank ecosystem. Iran Kish collaborates with Tafta's technology companies to execute digital transformation projects including migration to modern payment switches. Some initiatives that took a decade at other banks were achieved in 3-4 years at Bank Tejarat through Tafta partnership.
- Finovad Innovation Center (مرکز نوآوری فینوداد)minorInnovation center where Hamed Movahhedi (Iran Kish board member) serves as Chairman of the Board. Strategic partner in fintech innovation and payment technology development.
- National Iranian Oil Products Distribution Company (NIOPDC)majorIran Kish won the tender for service, maintenance, support, and repair of smart fuel system equipment (hardware and software) for NIOPDC, responsible for managing Iran's fuel terminal infrastructure nationwide.
- ISCO (Iran Samaneh Construction — ایساکو)minorIran Kish provides closed-loop payment card program for ISACO with thousands of POS terminals deployed at ISACO's specialized auto parts stores across Iran and tens of thousands of cards issued in the closed-loop format.
- Bank Saderat IrancoreBank Saderat partnered with Iran Kish for the launch of EMV contactless NFC payment using NFC capability on card chips. The launch was conducted with representatives from Bank Saderat, Sadad Group, Iran Kish, and the Central Bank of Iran.
- Refah Chain StoresminorTarmeh digital wallet payment was operationalized at Refah stores through the Zomorod app (Bank Tejarat) and Iran Kish's infrastructure. This represented a live deployment of the digital wallet for credit-based purchases.
- Central Bank of Iran (Bank Markazi — بانک مرکزی)coreRegulator and licensor. Iran Kish operates under PSP license issued by CBI and participates in national strategic projects including contactless payment, digital Rial, and Meer Shebaar — all mandated by CBI.
- Shaparak (National Electronic Payment Network — شبکه الکترونیکی پرداخت کارت)coreNational switch operator for card payments in Iran. Iran Kish's performance metrics (market share, merchant error rates) are reported and ranked by Shaparak. The company maintains a Tier-1 ranking in multiple Shaparak-reported metrics.
Scale indicators7 records
Recent moves9 records
Expansion highlights6 records
Iran Kish Credit Card Co (Kiccc) competitors and assessment
Company assessmentBroad incumbents
- Verifone: Global POS terminal hardware and payment-acceptance solutions provider. Comparable to Iran Kish on the POS hardware side (GSM/Bluetooth/LAN/PC POS portfolio), though at global rather than national scale.
- Ingenico (Worldline): Global POS terminal manufacturer and integrated payment-acceptance provider, now part of Worldline. Comparable to Iran Kish on the terminal-hardware layer and EMV/contactless acceptance expertise.
- Network International: UAE-headquartered regional payments processor offering merchant acquiring, POS, and processing across MEA. Comparable to Iran Kish as a non-bank payment processor, but operating at much broader regional scale.
Direct peers
- Parsian Electronic Payment: Parsian Bank-affiliated PSP offering POS, IPG, and payment-switching services to Iranian merchants. Operates in the same CBI-licensed PSP regulatory regime and competes for the same merchant and bank customers as Iran Kish.
- Pasargad Electronic Payment: Bank Pasargad's PSP providing POS, IPG, and card services to Iranian merchants; competes with Iran Kish for the same bank-issued card volumes and merchant acquisition.
- Sepehr Electronic Payment: Iranian PSP providing POS terminals and payment-switching services; competes directly with Iran Kish on merchant acquisition, IPG, and bank partnerships in Iran.
- BehPardakht Mellat: Bank Mellat's PSP providing POS, IPG, and payment-switching to merchants across Iran. Comparable in bank-ecosystem ownership structure (Mellat-linked) and full-stack electronic payment offering to Iran Kish.
- Saman Electronic Payment (SEP / Saman Kish): Iranian PSP serving merchants with POS, IPG, and switching, and historically a direct competitor of Iran Kish in Shaparak rankings and merchant-acquisition share. Closest comparable business model and customer base within Iran.
- Fanava Electronic Payment: Iranian PSP offering payment-switching and merchant-acquisition services in direct competition with Iran Kish, including POS and online gateway products for Iranian merchants.
- Informatics Services Corporation (ISC): Bank Mellat-aligned IT and payment-services company historically tied to Iran's national payment infrastructure. Overlaps with Iran Kish in payment switching, POS software, and bank-channel distribution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Iran Kish Credit Card Co (Kiccc) social profiles
Digital presenceIran Kish Credit Card Co (Kiccc) compliance and trust
Trust signalCompliance5 records
Iran Kish Credit Card Co (Kiccc) financial estimates
Financial estimateRevenue estimate
Valuation estimate
Iran Kish Credit Card Co (Kiccc) leadership team
Management profileNumber of profiles
Profiles8 records
Iran Kish Credit Card Co (Kiccc) funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Iran Kish Credit Card Co (Kiccc) M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Iran Kish Credit Card Co (Kiccc)
What does Iran Kish Credit Card Co (Kiccc) do?
Iran Kish Credit Card Co (KICCC) is a licensed payment services provider (PSP) issuing credit cards on behalf of partner banks and deploying a full POS-terminal portfolio (GSM, Bluetooth, LAN, and PC-based) to merchants across Iran. It operates an Internet Payment Gateway (IPG) for e-commerce, the Pat Life consumer mobile application with a Termeh digital wallet, NFC contactless and QR-code payment rails, mobile top-up, bill-payment, and a proprietary MPG multi-acquirer switching platform, all under a Central Bank of Iran PSP license held since 2006.
Is Iran Kish Credit Card Co (Kiccc) a public or private company?
Iran Kish Credit Card Co (Kiccc) is a public company. It is classified as public and is currently operating.
When was Iran Kish Credit Card Co (Kiccc) founded?
Iran Kish Credit Card Co (Kiccc) was founded in 2003. It employs 251 to 500 people.
Where is Iran Kish Credit Card Co (Kiccc) based?
Iran Kish Credit Card Co (Kiccc) is headquartered in Tehran, Iran, in the Middle East region.
How does Iran Kish Credit Card Co (Kiccc) make money?
Five revenue lines are on record. Transaction/Interchange Fees are the primary driver. The others are POS Terminal Equipment Sales and Rental, internet Payment Gateway (IPG) Services, credit Card Issuance and Management and value-Added Services (Mobile Top-up, Bill Payment, Insurance).
Who are Iran Kish Credit Card Co (Kiccc)'s main competitors?
Broad incumbents on record are Verifone, Ingenico (Worldline) and Network International. Direct peers are Parsian Electronic Payment, Pasargad Electronic Payment, Sepehr Electronic Payment, BehPardakht Mellat, Saman Electronic Payment (SEP / Saman Kish), Fanava Electronic Payment and Informatics Services Corporation (ISC).
Does Iran Kish Credit Card Co (Kiccc) have an API?
No public API is recorded for Iran Kish Credit Card Co (Kiccc).
What industry is Iran Kish Credit Card Co (Kiccc) in?
Iran Kish Credit Card Co (Kiccc)'s product category is Payment Services. Its primary akta.pro industry code is FSAMABAA, Integrated Payment Processors (PSP/Acquirer), with a secondary code of FSAMADAD, Integrated POS Payments (ISVs & Vertical POS Platforms).