A report by the domestic e-payment network, Shaparak, says most service providers showed meager change in their market share.
Saman Electronic Payment (SEP) topped the list at 19.54% by Sep 22-- slightly lower than last month, it said.
Beh Pardakht Mellat was next with 19.2% of the total transactions followed by Parsian E-Commerce Company (PECCO) 15.05% and Pasargad Electronic Payment 9.4%.
Beh Pardakht led transactional value with 19.96%. SEP was second with 17% followed by Sadad Electronic Payment 12.69% and Pasargad 11.59%.
SEP was the leading PSP in terms of the number of transactions made via POS terminals with 19.84%. The highest number of transactions made using online payment gateways was via Asan Pardakht Persian Company at 44.19%.
Bank Melli-affiliated PSP, Sadad, increased its share of online gateways' transactions by 1.45%, significantly higher than its peers. SEP lost 5.18% from online gateway transactions during the month.
An estimated 3.87 billion retail transactions were processed by the domestic e-payment network 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 provided data on the quality of PSP services, as per which PECCO accounted for the least failures during the month. Pardakht Novin Arian Company had the worst monthly performance as 0.27% of its transactions were rejected.
Twelve PSPs operate in Iran and are mostly affiliated to banks. Stringent regulations of the Central Bank of Iran for setting up a PSP have discouraged the emergence of new players in the lucrative and expanding market.
