Banks Issue More Credit Cards

More than 333,843 credit cards were used in the fourth month of the fiscal year that started in March -- a growth of 25% compared to the month before.
Iranians collectively made transactions with more than 124 million bankcards (including debit cards, gift cards and credit cards) during the month to July 21. This was 3.78% higher compared to the month before, Shaparak Company, the supervisory body of Iran payment network, reported.
Despite the rise, credit cards still account for less than one percent of the total bank cards used by Iranians, mostly limited to VIPs.