Growth in June-July e-Transactions

The nationwide payment network, Shaparak, processed 3.37 billion transactions worth 5,605 trillion rials ($21.47 billion) during the Iranian month to July 22 – up 2.04% in volume and 1.42% in value compared to the earlier month.
According to a report released by Shaparak website, a year-on-year comparison indicates 7.82% growth in the value and 17.6% higher in volume of transactions compared to last year.
The growth, however, was considerably smaller than the same period last year when the network registered 96.49% annual growth in value and 22.6% increase in volume.
Factoring out inflation, the report presented data in real value terms to help provide timely and authentic information to monetary policy and decision makers.