Major PSPs Lose Market Share

EghtesadOnline: Data released by the payment network authority, Shaparak, indicate decline in the market share of leading payment companies in the fifth Iranian month (July 22- August 21).

News ID: ۷۵۱۱۷۶

03 October 2020

Asan Pardakht Persian lost 8.7% of its share from mobile payments during the month from 28.59% to 19.89%. Saman Electronic Payment Company topped the market with 28.26% share from mobile payments, Shaparak’s monthly report showed.

Asan Pardakht lost its lead after registering 2.51% share. Parsian E-Commerce Company now rivals that position through online gateways with 26% share.

Beh Pardakht Mellat, affiliated with Bank Mellat, still processes the largest portion of e-transactions via POS terminals despite losing 0.05% share. Saman Electronic Payment company, however, has managed to increase its share in the past few months. With nearly 19%, SEP ranks second on the list of top PSP companies in terms of POS transactions.

The latest monthly performance report of Iran's e-payment network also showed Beh Pardakht Mellat Company still tops the list of payment service providers in terms of both volume and value of transactions.

More than 2.73 billion transactions worth 3,886.38 trillion rials ($13 billion) were processed by the national retail payment network Shaparak in the calendar month to June 21. This was 4.8% up in volume and down 2.29% in value compared to the earlier month.

Twelve PSPs have operating license from d by the Central Bank of Iran. Shaparak company, affiliated to the CBI, is in charge of technical supervision of the market.