A report by the domestic e-payment network, known as Shaparak, says major payment service providers showed meager change in their share in the growing market.
Saman Electronic Payment (SEP) accounted for the largest share of electronic payment at 21.26% by July 21-- slightly lower than last month, it said.
Beh Pardakht Mellat was next with 19.22% of the total transactions followed by Parsian E-Commerce Company (PECCO) 16.17% and Pasargad Electronic Payment 9.09%.
Beh Pardakht topped the list of PSPs in value of transactions in the month to July 21 with 19.57% share. SEP came in second with 17.08% followed by PECCO 12% and Sadad Electronic Payment 11.8%.
SEP was the leading PSP in terms of the number of transactions made via POS terminals with 20.34%. The highest number of transactions made using online payment gateways was via Asan Pardakht Persian Company at 43.3%.
Beh Pardakht increased its share of online gateways' transactions by 1.35%, significantly higher than the others.
An estimated 3.77 billion retail transactions were processed by the domestic electronic payment network in the fourth month of the calendar year to July 21.
These were worth 6,857 trillion rials ($21.49 billion) – up 1.8% in volume and down 5.43% in value on the month before, the company in charge of supervising and maintaining the network said on its website.
Shaparak also provided data on the quality of PSP services, as per which Damavand Electronic Card Company accounted for the least failures during the month. Fanava Card Company had the worst monthly performance as 0.5% of its transactions were rejected.
Twelve PSPs operate in Iran and are mostly affiliated to banks. Stringent regulations of the Central Bank of Iran for setting up a PSP have discouraged the emergence of new players in the lucrative and expanding market.
