Business And Markets

Active Debit Cards Hit 100m

Active Debit Cards Hit 100m Active Debit Cards Hit 100m

The total number of bank debit cards, used for at least one transaction, in the sixth month (ended September 21) of the Iranian fiscal year reached 101 million, way higher than the 91 million cards during the same period last year. 
According to the Shaparak, a body in charge of supervising the local payment network, almost 95% of active bank cards were debit cards, 4.5% were gift cards. Credit cards, with a meager 0.12% share, remained the least popular. 
Shaparak transactions stood at 2.30 billion worth 2.505 trillion rials ($21.8 billion) in the sixth calendar month to September 22.


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