The domestic e-payment network, Shaparak, says most payment service providers (PSPs) showed meager change in their market share in the month to Dec 22.
Beh Pardakht Mellat topped the list with 19.51% of the total transactions, it said.
Saman Electronic Payment (SEP) was second with 19.44% by Dec 22-- slightly lower than last month, followed by Parsian E-Commerce Company (PECCO) 14.31% and Pasargad Electronic Payment 9.8%.
Beh Pardakht led in value with 19.96%. SEP was second with 16.67% followed by Sadad Electronic Payment 12.49% and Pasargad 12.51%.
SEP was the leading PSP in terms of the volume of transactions made via POS terminals with 19.71%. The highest number of transactions made using online payment gateways was via Asan Pardakht Persian Company at 45.87%.
Bank Melli-affiliated PSP, Sadad, increased its share of online gateways' transactions by 1.45%, noticeably 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 e-payment network in the ninth month of the calendar year to Dec 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 saying 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 growing market.
