Business And Markets

Rise in E-Commerce Payments

Rise in E-Commerce Payments
Rise in E-Commerce Payments

More than 3.6 billion retail transactions were reported by the domestic payment settlement network, known as Shaparak, in the final month of the Iranian calendar year that ended on March 20.
The transactions were worth 7,439.51 trillion rials ($27.55 billion), up 11.84% in volume and 16.95% in value from the month before, according to the monthly report seen on the Shaparak website.
The rise in transactions is apparently due to the tendency of consumers to buy gifts and new clothes in the run-up to the Nowruz, the Persian New Year on March 21. 


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