An estimated 3.701 billion retail transactions were processed by the domestic electronic payment network, known as Shaparak, in the third month of the calendar year to June 20.
They were worth 7,251 trillion rials ($22.65 billion) – up 4.24% in volume and 8.6% in value on the month before, the company in charge of supervising and maintaining the network said on its website.
Collective value of transactions jumped 32.19% on the same month last year when 3.3 billion transactions worth 5,572 trillion rials ($17.41 billion) were processed. In volume terms it was 11.8% higher y/y.
Shaparak presents figures in real value terms to adjust for inflation. However, when adjusted for inflation, the real value of transactions was down 3.23% on a monthly basis.
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