0 Persons

Small E-Transactions Seen Costly by Banks

Sep 10, 2022, 10:38 PM
News ID: 36611
Small E-Transactions Seen Costly by Banks

ٍEghtesadOnline: A review of the average fees acquiring banks must pay for transactions shows that small payment transactions add to their costs.

Data released by Shaparak, the company in charge of the nation’s e-payment network, show that acquiring banks paid 98 rials per every 100,000 rials of transactions.

A precise review of the average value of transactions acquired by banks shows that banks with higher number of small transactions obviously have higher costs.