Business And Markets

Iran Digital Payments Transactions Grow 26%

Shaparak Transactions Grow 26%
Shaparak Transactions Grow 26%

An estimated 2.35 billion transactions worth 2,617 trillion rials ($23.05 billion) were processed by Iran's domestic payment network, Shaparak, during the fiscal month to August 22. 
The latest monthly report published on Shaparak's website shows a year-on-year growth of 26.79% and 10.64% in volume and value respectively.
The volume grew by 0.62% while value fell 1.11% compared to a month earlier when more than 2.34 billion transactions worth 2,646 trillion rials ($23.31 billion) were processed.
Annual surge in the value of transactions was attributed mainly to galloping inflation. "A year-on-year comparison of the transactions’ value, after factoring out point-to-point inflation, shows 18.12% decline." 


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