Ozone Unveils Card Combining Credit, Wallet Funds and Discounts

Ozone has unveiled a payment card in Iran that it says can combine wallet funds, credit, vouchers and discounts in a single purchase. The company said customers could order Ozone Card from September 27.

The card is intended to let users spend resources held in different parts of Ozone’s payment platform. In the card section of its app, users can see eligible resources and choose which ones to use, CEO Sohail Haghighat said at the launch.

Haghighat demonstrated a 700,000-toman purchase without enough cash in the wallet to cover it. A voucher for a 100% discount paid for the purchase. In a second demonstration, he combined credit, wallet funds and a 50% discount for another purchase of the same amount. The demonstrations show how Ozone presented the system; they do not establish how it performs across merchants.

Ozone says the same approach extends to its online checkout service. For in-person purchases, customers can provide a mobile number or barcode to access eligible resources. Haghighat also said the company has developed an AI agent that can select payment resources using rules set by the customer and their previous purchases. The original report does not establish when that feature will be available.

Ozone announced four versions of the card: a general-use navy card; an orange card for drivers on Tapsi, an Iranian ride-hailing service; a white card for younger users that expires when they turn 30; and a black card for VIP customers. The orange version includes a fuel-incentive wallet whose balance can be spent only at fuel-station terminals.

Haghighat said the card offers discounts of up to 1% across its merchant network and up to 5% at selected merchants. The amount and use of each discount depend on the offer’s terms.

He also set a target of 200 trillion to 400 trillion tomans in transaction volume for “next year.” The reported remarks do not specify which calendar year he meant or provide a basis for the projection.