E-Payments Rise to $20.3b in 1 Month

EghtesadOnline: Growth was noticeable in online payment gateways, up 14.35% from 669,343 to 765,391. Total POS terminals, used largely by retail outlets, increased 0.59% to 9.43 million devices while mobile payments declined 0.27% to 124,937

News ID: ۷۵۲۲۲۷

06 February 2023

An estimated 3.65 billion retail transactions were processed by the domestic electronic payment network Shaparak in the tenth month of the calendar year to January 22.

Overall business via the major company was worth 8,449 trillion rials ($20.32 billion) – down 2.98% in volume but up 1.38% in value on the month before, the company said on its website.

In volume terms, transactions jumped 18.11% on the same month last year when 3.09 billion transactions worth 6,267 trillion rials ($16.2 billion) were processed. The value was up 34.81% y/y.

Shaparak presents figures in real terms after adjusting for inflation. When adjusted for inflation, the real value of monthly transactions was down 2.83%.