EghtesadOnline: In light of the significant surge in the number of electronic transactions, the ratio of cash and coins to liquidity in Iran has declined by 3.5% in the past four years, announced the CEO of Shaparak Company–the entity in charge of Iran’s payment network.

EghtesadOnline: Shaparak, Iran's domestic payment network, latest data shows that more than 79.5 million bank cards have been used at least once during the month that ended on May 21.

EghtesadOnline: A total of 21.19 billion transactions were registered in the Iranian interbank information transfer network, or Shetab, in the previous fiscal year that ended in March, according to the Informatics Services Corporation, the main entity overseeing the country's payment network.

EghtesadOnline: Iranian payment service providers have been improving in terms of adhering to laws and regulations that would put them on a better footing among their global peers, announced Shaparak, the entity in charge of Iran's payment network on Saturday.

EghtesadOnline: Shaparak Company, Iran’s national payment network operator, has reportedly notified all payment service providers in a letter that regulations concerning fees will be overhauled.

EghtesadOnline: Shaparak, Iran’s nationwide payment network, processed 1.288 billion transactions during the month ending June 21, marking a 34% growth, compared with the same period of last year.