Business And Markets

Iran's E-Commerce Back to Normal

Upsurge in the number of transactions is partly indicative of the fact that the downturn emanating from corona lockdowns has faded and businesses are gradually returning to normal
E-Commerce Back to Normal
E-Commerce Back to Normal

A review of electronic transactions processed during the last calendar month (Jan. 20 - Feb.18) showed that businesses have almost returned to the pre-COVID era in both the volume and value of transactions. 
First cases of coronavirus in Iran was reported in the corresponding month last year. Data released by Shaparak -- the nationwide electronic payment network- indicates that the number of transactions increased 27% in the month to Feb.18 compared with the same month in 2020. 
Close to 2.93 billion transactions worth 5,091.31 trillion ($20.36 billion) were processed via Shaparak in the month, the highest in the past two years, according to data compiled by the Eghtesad News website. 


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