payments
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Electronic Payments Costlier Than Cash
EghtesadOnline: A recent study conducted by Pulse Ware Company and University of Tehran academics shows that costs of circulating banknotes is still lower than the electronic payment fees, despite…
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Shaparak Payments Down 2.2%
EghtesadOnline: Iran’s payment settlement network, Shaparak, processed 2.2 billion transactions during the month to January 20, down 2.24% in volume compared to the earlier month.
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Cash Subsidy Payments to Rise in Next Fiscal Year
EghtesadOnline: The parliamentary body responsible for reviewing the budget bill, the Majlis Joint Commission, has approved the pooling of next year’s revenues gained from the implementation…
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Shaparak Transactions Near $21b
EghtesadOnline: The nationwide payment settlement network, known as Shaparak, processed more than 2.25 billion payments worth 2,790.8 trillion rials ($20.98 billion based on open market currency…
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Iran's H1 Mining Royalty Payments Hit $70m
EghtesadOnline: Iranian miners paid a total of 8.65 trillion rials ($70.95 million) in mining royalties to the government during the first half of the current Iranian year (March 21-Sept. 22).
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Mining Royalty Payments Hit $63m
EghtesadOnline: Iranian miners paid 7.19 trillion rials ($63.4 million) in mining royalties to the government during the first five months of the current Iranian year (March 21-Aug. 22).
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Iran Digital Payments Transactions Grow 26%
EghtesadOnline: An estimated 2.35 billion transactions worth 2,617 trillion rials ($23.05 billion) were processed by Iran's domestic payment network, Shaparak, during the fiscal month to August…
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India Keen on Resuming Oil Imports From Iran
EghtesadOnline: Weeks after India stopped oil imports from Iran, the Modi government is keen to resume supply from the country and is looking at ways to make payments in Indian rupee to get around…
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Iran Sees No Hurdles to Iraq Power Exports, Payments
EghtesadOnline: Energy Minister Reza Ardakanian says the electricity export bill to Iraq over the past 15 years amounts to $6 billion.
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SPV Operationalization "to Take Months" After Nov. 4 Unveiling
EghtesadOnline: A new European Union mechanism to facilitate payments for Iranian exports should be legally in place by Nov. 4, when the next phase of US sanctions hit, but will not be operational…