Economy, Business And Markets

Iran Digital Payment Transactions Hit $42b in 1 Month

Transactions Hit $42b in 1 Month
Transactions Hit $42b in 1 Month

More than 1.64 billion transactions with a total value of 1.78 quadrillion rials ($41.85 billion) were registered by Shaparak, the Central Bank of Iran-affiliated entity in charge of the country's payment settlement system, during the second month of the current fiscal year that ended on May 21.
According to the latest report published by the entity's official website, those numbers indicated an increase of 13.67% in terms of number of transactions and a surge of 51.59% in terms of value compared to the previous month. The number and value of total transactions grew by 28.29% and 34.44% respectively year-on-year.


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