E-Payments Rise

EghtesadOnline: An estimated 3.74 billion retail transactions were logged by the domestic electronic payment network Shaparak in the eleventh month of the calendar year to Feb 22.

News ID: ۷۵۲۳۴۱

12 March 2023

An estimated 3.74 billion retail transactions were logged by the domestic electronic payment network Shaparak in the eleventh month of the calendar year to Feb 22.

Overall business via the major company was worth 9,231 trillion rials ($20.32 billion) – up 2.35% in volume and 9.26% in value on the month before, the company said on its website.

In volume terms, transactions were higher 16.06% from the same month last year when 3.22 billion transactions worth 6,361 trillion rials ($16.2 billion) were processed.

The value was up 45.12% y/y. When adjusted for inflation, the real value of monthly transactions was down 5.55%.