SHAPARAK Leads the Lot
Economy, Business And Markets

SHAPARAK Leads the Lot

SHAPRAK payment and settlement network hosted 838 million successful transactions during the month that ended  Jan. 20 with a total worth of 873.1 trillion rials ($28.9 billion), marking a 28.1% year-on-year growth in volume of transactions and 7.09% in value.
Even though POS terminals are still the most widely-used payment tool in the country, the total number of online payment gateways reached 16,023 during this period, a growth of 11.56% year-on-year. However, the number of mobile payment gateways registered a 41.1% decline--mostly as a result of Central Bank of Iran’s ban on mobile payments since September 2015 due to security concerns.
POS terminals still reign supreme among payment tools as they accounted for 92.7% of the total transactions. Online payment gateways accounted for 6.8% of the total value of transactions.
During the period SHAPARAK recorded 116,779,229 failed transactions, 70.94% of which were caused by users while SHAPARAK accounted for 6.24% of botched transactions—a growth of 179% compared to the previous month.
The report also shows that Beh-Pardakht, a Bank Mellat subsidiary e-payment firm, owns the largest share of POS terminals accounting for 28.93% of the total installed terminals. Bank Parsian’s E-commerce Company accounted for 50.05% of online payment gateways and Beh-Pardakht became the top Payment Service Provider in mobile payment with 46.26% of the market share.


Short URL : https://goo.gl/zy88uc
  1. https://goo.gl/A1lfQ8
  • https://goo.gl/4h6joO
  • https://goo.gl/HmIdfa
  • https://goo.gl/x7V6is
  • https://goo.gl/DQG3Sr

You can also read ...

Iran Petrochemical Revenues at  $5.5 Billion in Six Months
Iran exported $5.57 billion worth of petrochemical and polymer...
Calm Housing Market Forecast for Tehran in Fiscal H2
The Iranian housing sector, which has just entered a pre-boom...
OIC is an international organization consisting of 57 member states.
The countries of the Organization of Islamic Cooperation...
Private banks and non-bank credit institutions held the biggest share of foreign assets among Iranian financial institutions.
The total value of Iranian banks’ foreign assets by August 22...
Iran Fortifies Ties With IDB, Malaysia
Minister of Economic Affairs and Finance Masoud Karbasian met...
Ahmad Araqchi (R) meets Alexey Tyupanov
The Central Bank of Iran has signed an agreement with the...
In Iran, import tariffs on apparel are set at 55%, apart from a 9% value-added and an additional 4% tax.
About 1,840 tons of apparel worth close to $22.75 million were...
Border With Iraq’s Kurdistan Closed at Baghdad’s Request
Iran has shut its border crossings with the Iraqi Kurdistan...