Business And Markets

Three PSPs Handled 57% of Transactions

Three PSPs Handled 57% of Transactions
Three PSPs Handled 57% of Transactions

Performance reports of payment service providers show three major companies handled nearly 57% of the total e-transactions in the fiscal year to March 2021.
Shaparak, a company affiliated with the Central Bank of Iran and in charge of supervising Iran's domestic payment network, processed more than 33.16 billion e-payments worth 54,571 trillion rials ($228.8 billion) in the year, 21.27% of which was handled by Beh Pardakht Mellat company.
Saman Electronic Payment and Parsian Electronic Commerce Company were next with 19.34% and 17.6%, respectively.  PECCO managed to expand its market share by 2.51% during the period.
Affiliated to Parsian Bank, the PECCO posted remarkable growth at 44% in the number of transactions to top the list of PSPs in terms of increase in the number of payments. Pasargad Electronic Payment came after with 43% growth in the volume of transactions.


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