Use of Debit Cards Down 5%

Data released by Shaparak, the company in charge of supervising the domestic e-payment network, show more than 143.5 million bank cards were used at least once during the first month of the current fiscal year (started March 21).

The number was down 5.18% on the month before when it was 151.3 million. Debit cards topped the list accounting for 93.58% (134.34 million) of the total active cards.

More than 21.04% of the debit cards were issued by Bank Melli followed by Bank Sepah with 11.37% and Bank Mellat and Bank Saderat Iran each at 10.5%.

The number of credit cards decreased by 30.38% to 0.33% of the total cards in the month. According to Shaparak, 471,005 credit cards were used at least once in the said month.