At the end of 2005, a consortium of individuals and legal entities active in the field of electronics, money and banking, computers, networks, services and electronic equipment has begun to set up electronic payment services. Considering the recognition of tools used in this regard, such as card types, face-to-face and non-face-to-face calling devices, networks, switches, standards for such appliances and equipment, and the use of experts with different skills and dispatch to internal and external classes, ultimately The proposal to establish a Damavand electronic card company with a three-year operating plan for marketing-installation-support of 150,000 post sales terminals finally approved by the Central Bank of the Islamic Republic of Iran by issuing a license on 7/13/2006, with the establishment of the company. And finally, on January 1, 2008, the permission for the permanent activities of company was issued by The Central Bank of the Islamic Republic of Iran .