Business And Markets

Unused POS Devices Rise

Processing more than 3.43 billion transactions worth 5,740 trillion rials ($19.06 billion), POS devices accounted for 92.43% of the total volume of transactions.
Unused POS Devices Rise
Unused POS Devices Rise

Performance of the domestic payment network indicates 9% growth in the number of unused or infrequently used POS terminals in the month to August 22. 
POS terminals are popular digital payment tools in Iran. However, the last monthly report published by Shaparak company shows that not all devices are regularly used by retailers. As per the report, almost 10.47% of the total POS devices processed less than 60 transactions in two months. 
The total number of less-used POS terminals grew by 9.7% during the period compared to the month before. The e-network company said 8.1 million POS terminals were used across the country in the month. 


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