Business And Markets

E-Payment Transactions Up 17.4%

E-Payment Transactions Up 17.4%
E-Payment Transactions Up 17.4%

Iran's domestic payment transaction network, Shaparak, processed more than 3.42 billion transactions in the month to September 21, marking an 8.49% growth compared to the month before and up 17.38% compared to the same period in the last fiscal year. 
According to the monthly performance report seen on  Shaparak website, the value of transactions increased 32.75%  y/y to 6,470 trillion rials ($23.78 billion) -- 20% higher than the previous month. 
The report attributes the surge in transactions partially to galloping inflation. As for other factors, Shaparak referred to the increasing number of receiving instruments and debit cards, plus the use a variety of payment tools instead of cash. 
Factoring inflation, the report presents data in real value terms to provide robust information to decision-makers.
Real value of transactions increased by 15.97% on the month before, but was 7.63% lower compared the same period last year. 


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