Bank Mellat Affiliate Tops List of Online Payment Service Providers

Beh Pardakht Mellat (BPM), a payment service provider affiliated to Bank Mellat, topped the list of transactions processed in the eighth month of Iran’s fiscal year (Oct. 22-Nov. 20)
The company processed 21.03% of total electronic transactions in the month followed by Samen Electronic Payment at 19.4% and Parsian E-Commerce Company 17.9%, according to data released by Shaparak Company, the body in charge of overseeing Iran’s payment network. 
The nationwide payment settlement network, Shaparak, processed approximately 2.76 billion payments worth 4,379.55 trillion rials ($16.8 billion) in the month. Transactions were down 9.5% in value and 1.51% in volume compared to the month before when it handled 2.8 billion transactions valued at 4,839.2 trillion rials ($18.61b).