Monthly E-Payments Decline

The nationwide payment settlement network, Shaparak, processed approximately 2.76 billion payments worth 4,379.55 trillion rials ($16.8 billion) in the calendar month to Nov. 20.
Transactions were down 9.5% in value and 1.51% in volume compared to the month earlier when the company processed 2.8 billion transactions valued at  4,839.2 trillion rials ($18.61 billion)
Year-on-year basis transactions rose 23.87% and 73.61% in volume and value, respectively. Upsurge in value was due largely to increase in inflation during the course of the year.