FanapTech (Pasargad Aryan Arvand IT) is the first company to manufacture POS in Iran. The company had released its first product in 2015 in the city of Khorramshahr. Ever since the company has endeavored to provide innovative hardware-based solutions to improve smart life in software designs/ solutions related to banking systems, spare parts of POS devices, repairs, refurbishing, manufacturing thermal papers, and manufacturing batteries and UPS.
Fanap Holding acquired an exclusive agency from the Taiwanese company Castles in 2014. A year later, to manufacture banking hardware and develop software locally, the company founded Pasargad Aryan Arvand IT, also known as ArvanTech. The project commenced producing POS devices under Castles license in the free region of Arvand in Khorramshahr.
In 2016, the first POS device was produced in the production line. Other innovative products were then designed following the market’s needs, including the thermal paper rolls used in POS devices, ATMs, and store receipts.
The following year, it redesigned its business plan and integrated the service-oriented Fanap Payment with Pasargad Electronic Payment company. The name, thus, changed to FanapTech.
The company provides customer service for spare parts of POS devices, thermal paper rolls, batteries, and UPS.
FanapTech lines of activity:
- Manufacturing payment equipment (POS, PIN Pad, etc.)
- Manufacturing Bank Equipment (Gift Card Kiosks, etc.)
- Service Kiosks (Restaurants, Hospitals, Hotels, etc.)
- Manufacturing thermal paper rolls
- Manufacturing batteries and UPS (since 2019)
FanapTech and the Future
FanapTech’s plan goes beyond the innovation in banking and payment methods nationwide. The company has always tried to support the less fortunate regions of the country. The company tries to incorporate the knowledge and capabilities of national experts to improve people’s daily experience of digital life. Having considered the current needs of the market, around 10000 square meters of space is being added to the production area of the industrial plant by the company.
This much investment in creating more innovative products and coming up with digital banking and payment solutions helps increase the employment rate of the people residing in the less fortunate areas.
FanapTech believes in employing creative human capital and tries to manage knowledge acquisition and sharing while promoting a solution-oriented and knowledge-based attitude in the field of hardware to become a knowledge enterprise.