E-lectronic payments processed by Iran’s domestic payment network Shaparak grew 14.8% in the first half of the current fiscal year (started March), compared to the same period last year.
According to the Central Bank of Iran data seen on its website, the network processed an estimated 21.8 billion transactions during the period. The number of transactions was 19.1 billion in the first half of the previous fiscal year.
The highest number payments were logged in the sixth month of the current fiscal year (ended Sep 22) at 3.8 billion.
Electronic payments posted the highest annual growth in the fifth month to August 22 with 17.52%, followed by the second month (ended May 22) with 17.4%, and the first month 13.45%.
Transactions showed annual growth of 26% during the six months from 31,881 trillion rials ($96.6 billion) last year to 40,192 trillion rials ($121.7 billion) this year.
The highest collective monthly value of transactions was seen in the third month to June 22 at 7,251 trillion rials ($21.97 billion).
In terms of the value, e-payments posted the highest annual growth in the second month to May 22 at 39.07%, followed by the first month at 32.45% and the third month 31.1%.