Nilson Report: Iranian PSPs Top Mideast Performers

EghtesadOnline: Nilson Report, a credible source of news and analysis of the global card and mobile payment industries, has published its latest list of top 150 payment services providers in the world, which includes seven Iranian acquirers among the top 100–all of which have improved their rankings since the previous year.

News ID: ۷۴۴۰۴۱

10 October 2017

Behpardakht Mellat, affiliated with Bank Mellat, ranks 20th on the list with over 2.7 billion transactions in 2016. The company has climbed three places since 2015 when it ranked 23 at about 2 billion transactions.

Parsian E-Commerce Company, an affiliate of Parsian Bank, still ranks among the top 50 but actually declined in terms of transactions. It currently ranks 35th while it occupied the 27th slot last year.

On the other hand, Saman Bank’s E-Payment Company improved the most among Iranian PSPs last year. It currently ranks 26th on the list with more than 1.97 billion transactions compared to last year’s 34th ranking, Financial Tribune reported.

Asan Pardakht Persian, ranked 27th, registered over 1.96 billion payment transactions, which shows a slight improvement compared to last year’s 28th placing.

Pasargad Electronic Payment, affiliated with Bank Pasargad Iran, retained its title as the 63rd top acquirer in the world with more than 633 million transactions last year while payment services provided by Bank Melli, the nation’s biggest lender through Sadad Informatics, was ranked 65th.

Iran Kish Credit Card Company took the72nd spot, meaning that it also slightly improved from its last year’s 74th spot in the Nilson Report.

The numbers show that similar to last year, Iranian PSPs have recorded considerably higher numbers of transactions compared with other Middle Eastern payment services providers.

The seven Iranian companies recorded close to 8.4 billion transactions in 2016, registering a notable improvement compared with last year’s 7.9 billion.

The top players retained their status in terms of transactions in 2016 with US-based Vantiv remaining in top spot with more than 21 billion transactions, registering close to four billion more transactions compared with 2015.

JPMorgan Chase, the largest bank in the US, made 19.3 billion transactions in 2016 and remained in second place while improving its number of transactions by more than two billion. Bank of America, with 15.2 billion transactions compared with 14 billion last year, followed suit.