A report by the domestic e-payment network, Shaparak, says major payment service providers showed little if any growth in their market share.
Saman Electronic Payment (SEP) accounted for the largest share of electronic payment at 19.59% up until October 22-- slightly lower than last month, it said.
Beh Pardakht Mellat followed with 19.48% of the total transactions, Parsian E-Commerce Company (PECCO) logged 14.94% and Pasargad Electronic Payment 9.23%.
Beh Pardakht topped the list of PSPs in value to October 22 with 20.40% share. SEP came in second with 16.44% followed by Sadad Electronic Payment 12.31% and Pasargad Electronic Payment with 11.7%.
SEP was the leading PSP in terms of the number of transactions made via POS terminals with 19.82%. The most transactions via payment gateways was via Asan Pardakht Persian Company at 45.12%.
Asan Pardakht increased its share of online gateway transactions by 0.93%, higher than the others.
Beh Prdakht Mellat was the leading company in terms of total transaction value using all three modes -- POS terminals, online gateways and mobile gateways.
An estimated 3.71 billion retail transactions were processed by the e-payment network in the seventh Iranian calendar month to Oct 22.
This was worth 7,051.5 trillion rials ($19.3 billion) – down 4.24% in volume and 2.14% in value on the month before, the main company in charge of supervising and maintaining the network said on its website.
Transactional value jumped 18.14% on the same month last year when 3.27 billion transactions worth 5,968 trillion rials ($16.3b) were processed. In volume terms it was up 13.43% y/y.
Shaparak provided data on the quality of PSP services, as per which Damavand Electronic Card Company accounted for the least failures in the month. Pardakht Novin Aria Company had the worst monthly performance with 0.152% of its transactions rejected.
Based on the report, Beh Pardakht Mellat was in the lead in improving service quality. Twelve PSPs operate in Iran and are mostly affiliated to banks.
Stringent regulations of the Central Bank of Iran for setting up a PSP have discouraged the emergence of new players in the potentially lucrative market.
