Business And Markets

Big Leap in E-Transactions

Big Leap in E-Transactions
Big Leap in E-Transactions

An estimated 3.69 billion retail transactions were logged by the domestic electronic payment network Shaparak in the first month of the calendar year to April 21.
It processed an estimated 11,688 trillion rials ($22.91 billion) e-payments -- up 15.55% in volume and 50.97% in value on the same period last year, the company said on its website.
In volume terms, transactions were 12.88% lower on the month before when 4.22 billion transactions worth 11,688 trillion rials ($14.5 billion) were reported. 
The value was down 29.75% on the month before. The report did not include the real value of transactions (adjusted for  consumer price inflation) since the Statistical Central of Iran had not yet updated CPI data by the time the report was published. 


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