Business And Markets

Retail E-Transactions Down

Retail E-Transactions Down
Retail E-Transactions Down

More than 3.196 billion retail transactions were processed by the Iranian payment settlement network, known locally as Shaparak, in the first month of the calendar year to April 20.
The transactions were worth 5,438.79 trillion rials ($19.21 billion) – up 11% in volume but down 26.89% in value from the month before, Shaparak website reported.
The value of transactions rose 32.45% on the same month last year when 2.81 billion transactions worth 4,196.8 trillion rials ($14.82 billion) were processed. In volume terms it showed 13.45% growth y/y. Observers say increase in the trend of transactions is a promising sign that businesses are gradually returning to the pre-Covid era.


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