Iran Payment Market
Keep up with the latest updates about digital payment market in Iran including news and comments along with monthly reports detailing volume and value of digital transactions, acquirers and Shaprak Network's performance
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May 08,2023An estimated 3.69 billion retail transactions were logged by the domestic electronic payment network Shaparak in the first month of the calendar year to April 21. It processed an estimated 11,688... -
September 05,2021The payment regulator has suspended services to three million POS terminals and online payment gateways after the users failed to abide by tax rules required by the Iranian National Tax...
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December 15,2020The Central Bank of Iran is using a smart platform to detect and block unauthorized payment gateways, developed and used by online betting and gambling websites. “Smart detection of unauthorized...
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August 23,2020Iran’s Fintech Association has proposed a new fee system for online payment in which payment aggregators and payment service providers cover the network fees, which are currently paid by banks.
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December 31,2019Rules announced by the Central Bank of Iran to make one-time password obligatory can help foster the business of e-wallet startups, says a board member of Tehran Chamber of Commerce. "When the OTP...
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December 11,2019The Computer Emergency Response Coordination Center (MAHER), affiliated to the Telecoms Ministry, has identified and blocked 950 suspicious payment gateways since the beginning of the current...
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November 20,2019The nationwide payment settlement network, Shaparak, announced Wednesday that it continues blocking Iranian Point of Sale devices operating abroad. Extending a series of efforts launched since...
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August 10,2019A new generation of mobile payment network will be unveiled soon, said an official with the local payment settlement network regulator, Shaparak. The new system does not require using debit...
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April 13,2019The prosecutor general of western Ilam Province said Saturday medical centers which don’t abide by the law on using point of sale (POS) devices will be shut down.
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March 13,2019In a survey of the performance of economic sectors in Iran the Majlis Research Center has reported the performance of key economic indicators, notably the payment system and financial services. ...
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January 13,2019Shaparak, Iran's domestic electronic payment network, handled 18.55 billion transactions in the Iranian month of Azar (Nov. 22-Dec.21) worth 2,000 trillion rials ($17 billion). According to a...
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September 15,2018The government will start levying taxes on business owners' transactions processed through point-of-sale devices to combat tax evasion, the head of Iran National Tax Administration announced. "...
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July 13,2018The Central Bank of Iran has sent a directive to the banking system announcing that fees levied on payments made through mobile phones have been eliminated, in what can be interpreted as a blow to...
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May 22,2018Iran’s financial system is gradually undergoing a technological evolution in micropayments by the introduction of NFC (Near-Field Communication) services tailored for handling small payments. An e...
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May 14,2018After the unification of the US dollar’s exchange rate, the payment industry has yet to receive hard currency at the rate of 42,000 rials for importing equipment and hardware. The CEO of Beh...
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April 08,2018As the new fiscal year started on March 21 and the banking system expects major reforms, the issue of payment services’ fees poses a huge challenge to the electronic banking sector. At present,...
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April 04,2018Strengthening the private sector role in bolstering the economy and implementing divestiture laws has been a major focus of President Hassan Rouhani’s administration, but the privatization...
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March 13,2018Shaparak, the Central Bank of Iran-affiliated supervisory entity in charge of the country’s payment settlement network, has released its latest report for the 11th month of the current fiscal to...
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February 05,2018Data released by the Central Bank of Iran indicate that the number of electronic...
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February 04,2018Iran’s payment settlement network Shaparak processed more than 1.443 million transactions...
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January 23,2018The share of digital transactions in Iran has reached 10% of the total volume of liquidity in the...
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January 14,2018In light of the significant surge in the number of electronic transactions, the ratio of cash and...
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December 22,2017The volume of electronic payment transactions during the second half of the previous Iranian ...
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December 09,2017Iranian payment service providers have been improving in terms of adhering to laws and...
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October 09,2017Shaparak Company, Iran’s national payment network operator, has reportedly notified...
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