Business And Markets
0

Monthly E-Payments Slow

Monthly E-Payments Slow
Monthly E-Payments Slow

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. 
 

Premium

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

Financialtribune.com