Business And Markets
0

E-Transactions Decline 6.5% 

E-Transactions Decline 6.5% 
E-Transactions Decline 6.5% 

An estimated 3.87 billion retail transactions were processed by the domestic electronic payment network Shaparak in the sixth month of the calendar year to Sep 22.
These were worth 7,206 trillion rials ($22.17 billion) – down 4.29% in volume and 6.56% in value on the month before, the company said on its website.
Transactional value jumped 11.35% on the same month last year when 3.42 billion transactions worth 6,471 trillion rials ($19.9b) were processed. In volume terms it was up 12.9% y/y. 
Shaparak presents figures in real value terms to adjust for inflation. When adjusted for inflation, the real value of transactions was up 4.29% on a monthly basis. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com