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About 73.97 million bank cards were at least used once during the month to Jan. 19.
About 73.97 million bank cards were at least used once during the month to Jan. 19.

44% Growth in Iran Digital Transactions' Value

POS terminals are still the most widely used payment tool in Iran. A total of 5.76 million POS terminals processed 952.2 million transactions during the month to Jan. 19

44% Growth in Iran Digital Transactions' Value

Shaparak, Iran’s nationwide payment network, processed 1.09 million successful transactions worth 1,258 trillion rials ($32 billion) during the month ending January 19, marking a 30% growth in transactions’ volume and 44% in their value year-on-year.
The latest issue of Shaparak’s monthly report also indicates a 1.91% growth in the number of transactions and a 5.68% growth in the value of transactions compared with the previous month.
Data show 238,220 transactions failed in the 10th month of the Iranian fiscal year, up by 2.8% compared with the previous month. Failed transactions accounted for less than 9.26% of total transactions.
User errors were behind 81% of failed transactions in the period. Issuers’ and acquirers accounted for 16.24% and 1.74% of failed transactions respectively. 
Of the total transactions, 75% were used for shopping, 18.3% for paying bills and the rest 6.7% were used for checking account balance.
POS terminals are still the most widely used payment tool in Iran. A total of 5.76 million POS terminals processed 952.2 million transactions during the month to January 19. 
Transactions worth 50,001-250,000 rials accounted for 37.21% of total transactions processed by POS terminals. 
According to Shaparak data, transactions worth less than 500,000 rials accounted for 90% of POS transactions in the period.
The total number of online gates reached 321,869 by Jan. 19, registering a 27% growth compared with the preceding month. Online gates processed 96 trillion rials ($2.5 billion) worth of transactions during the period. 
The value of 48% of transactions processed by online gates was less than 250,000 rials. 

Acquirers
Beh Pardakht Mellat, affiliated with Bank Mellat, accounted for 23.58% of the total e-transactions to remain the leading payment service provider in Iran’s market during the month ending January 19.
Saman Electronic Payment, affiliated with Saman Bank, ranked second with 17.19% market share. Asan Pardakht Persian and PECCO were placed third and fourth respectively.  
Beh Pardakht also was behind with 31.59% of transactions’ value. It also dominated market share in POS terminal and online transactions. Asan Pardakht Persian remained the leading PSP in mobile transactions, enjoying 41.69% share of the market.

Card Issuers
According to Shaparak data, 73.97 million bank cards were at least used once during the 10th month of the fiscal year, 93.5% of which were debit cards. 
More than 106,000 credit cards were active in the period, down by 36% compared with the previous month.
Bank Melli Iran accounted for 20.74% of active cards in the period. Bank Mellat, Bank Saderat Iran and Bank Keshavarzi followed, accounting for 12.57%, 12.37% and 7.31% of total bank cards.
BMI issued 21.65% of debit cards and 71.11% of credit cards. Bank Saderat Iran issued 38.6% of gift cards, higher than other lenders.

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