Iran’s first banking solution provider Tosan held the first Fintech hackathon on payment solutions and banking called TosanBoom Innovation Challenge. Over 170 teams applied for the 3-day hackathon, where 24 teams were selected to join the battle. The selected teams got access to 20 API’s from Tosan to be used in their product.
Tosan started operating in the year 1997. Its main goal start was to produce banking and payment software to cover the need of the Iranian banking system. Around 10 banks and more than 6 large sized credit institutes are using Tosan’s products currently. Tosan’s products extend from Iran’s biggest online payment portal Shaparak to Tehranis famous all in one purpose NFC transportation cards used for the metro and buses and providing software and hardware services for ATM & VTM machines. This well-known company has always been known for being the mecca of talented tech dev force, that have revolutionized Iran’s core banking system.