A Short Profile of Parsian E-Commerce Company (PECCO) Parsian E-Commerce Company (PECCO) was incorporated as a Private Joint-Stock Companyin 2000, and pursuant to the minutes of the Extraordinary General Assembly, dated July 17, 2010, the legal type of the Company was changed from Private Joint-Stock to Public Joint-Stock. By virtue of the licenses obtained from the Central Bank of the I.R. of Iran, concerning providing all kinds of services in the field of electronic payment, and also those obtained from the Ministry of Industries & Mines, concerning software production, PECCO has mainly focused its activities on POS systems and ATMs, providing virtual payment systems using internet and cell phones, issuance and personalization of debit and credit cards, presenting software systems for management of payment transactions, and providing switching services to banks and financial institutions, etc.