Business And Markets

Online Payments Jump

Online Payments JumpOnline Payments Jump

Data released by the Central Bank of Iran show during the first half of the Iranian fiscal year (March-Sept. 2020), payments made through online gateways were 23.8% higher in volume and up 255% in value.
An estimated 961 million transactions worth 961.6 trillion rials ($16.4 billion) were processed through online payment gateways in the first six months of the current year, CBI data shows.
Purchasing goods or services accounted for 79.6% of the total online payments -- this share was 64.9% during the same period the last year. 


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