The Iranian Welfare Information Technology Company (Fara) issued an important statement to the stores involved in the electronic coupon scheme regarding the settlement of their claims. This statement was published to clarify the financial process and expedite payments.
Settlement Process for Store Claims
According to this statement, settlements with the contracted stores in the new phase of the electronic coupon scheme will occur after financial resources are secured and credits are deposited by the country's Planning and Budget Organization and the Central Bank of the Islamic Republic of Iran into the account of the project executing company. This process is designed to ensure timely payment of store and merchant claims.
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Emphasis on Expediting Payments
Fara has announced that immediately after receiving financial resources from the relevant entities, it will proceed with paying claims and fully settling accounts with all contracted stores. This action is seen as the company’s commitment to gaining merchants' satisfaction and maintaining positive relationships with stores. Additionally, Fara expressed gratitude for the patience and cooperation of merchants and store owners and assured them that it will closely monitor the coordination of sales centers, distribution of credits, and settlements with stores.
This statement comes at a time when stores and merchants are suffering from economic fluctuations and the need for timely payments of their claims. The importance of this settlement is undeniable for many merchants who rely on this scheme. Given the current economic conditions, any delay in payments can have negative impacts on small and medium-sized businesses.
Responding to Merchants' Needs
The Iranian Welfare Information Technology Company, considering the challenges facing merchants and store owners, aims to create an environment of trust and assurance in its financial transactions. By providing the necessary infrastructure and facilitating the settlement process, the company seeks to support merchants and stores. Clarifying the settlement process and securing financial resources from government entities can help improve the financial situation of stores and lead to greater prosperity for small businesses.
Ultimately, it is hoped that with the implementation of this statement and the acceleration of payments, merchants and store owners can continue their activities with more peace of mind and benefit from the advantages of the electronic coupon scheme.
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