Business And Markets
0

Acquirer Banks Pay Less E-Payment Fees

Acquirer Banks Pay Less E-Payment Fees
Acquirer Banks Pay Less E-Payment Fees

The supervisor of the domestic payment network, Shaparak, says acquiring banks paid 87 rials per every 100,000 rials of transactions the eighth month of the calendar year to Nov 22. 
This was seven rials lower than in the month before, when banks paid 95 rials for every 100,000 rials worth of transactions but five rials higher than the same month last year.
A review of the average value of transactions acquired by banks shows banks with higher number of small transactions obviously have higher costs. 

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