Working Capital Financing to Expand the Market for the Maniro Application

Ranak Clearing System began operating in international banking and the provision of foreign currency for tourism in Iran and other countries in 1396. The company is seeking to develop one of its applications, called "Maniro". Maniro is a platform for tourism financial services and remittances. The Maniro application began operating in Esfand 1402, focusing initially on the Turkish market and then Iraq. As it gradually expanded its services in these two countries, it also expanded its geographical coverage, adding Russia in the summer of 1403 and the UAE in the autumn of 1403. It is currently developing its operations and infrastructure in these four countries. The Maniro platform's tourism services include providing travel currency to Iranian tourists wishing to visit these 4 countries, with currency delivered at Maniro offices in Iran or in the destination country. Maniro's new service also covers account payments in Turkey and Russia for Iranians who hold accounts in these two countries. It should be noted that the Maniro platform's services are strictly limited to non-commercial payments of up to 5 thousand dollars, and each individual, after identity verification in the application, can receive up to 5 thousand dollars in foreign currency annually. Another noteworthy point is that the currency delivered to customers is the local currency of their travel destinations. This, in turn, can prevent pressure on the foreign exchange market to supply dollars and euros, help stabilize exchange rates in the country over the long term, and lead to reduced use of the dollar in transactions.
Project symbol: حلالمانی/halalmon