Iran Payment Market

Shaparak, Iran’s nationwide payment network, processed 1.288 billion transactions during the month ending June 21, marking a 34% growth, compared with the same period of last year.

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Shaparak, Iran's domestic payment network, latest data shows that more than 79.5 million bank cards have been used at least once during the month that ended on May 21.  1

A total of 21.19 billion transactions were registered in the Iranian interbank information transfer network, or Shetab, in the previous fiscal year that ended in March, according to the…

 company is set to review its strategies.

“Plans have been devised to develop and improve the hardware, software and human resources capabilities of Shapark for revamping it,”…

Shaparak, Iran’s nationwide payment network, processed 1.09 million successful transactions worth 1,258 trillion rials ($32 billion) during the month ending January 19, marking a 30% growth in…

Iranians used 73 million bank cards by Dec. 20, of which 68 million or 93.29% were debit cards, the latest official data revealed. 

Gift cards and vouchers comprised 6.5% of the…

Iranians made 1.06 billion successful digital payment transactions worth 1.19 quadrillion rials ($30.8 billion) during the month ending December 20.

Shaparak, Iran’s domestic payment network, hosted more than 1 billion transactions worth 1.104 quadrillion rials ($28.1 billion at the open market rate) during the month ending October 21.…

Nilson Report Magazine, a publication specializing in payment industry news and statistics, has listed seven Iranian payment service providers among the world’s largest 150 acquirers in 2016.

The banking system will start issuing credit cards to gradually meet the customers’ needs for small loans and help pull "the real economic sectors" out of the prolonged recession, a statement by…

Shetab, Iran’s national interbank transaction network, hosted 1.3 billion transactions during the month ending June 20, with a total worth of 1.9 quadrillion rials ($61.2 billion). …

The Central Bank of Iran is about to finalize its primary talks with foreign payment networks including European companies, according to Nasser Hakimi, head of Central Bank of Iran technology…

POS terminals are the most favorite payment method in the country. Last year, they accounted for 85% of total electronic transactions, while internet payment services and mobile payments…

Shaparak, the domestic payment and settlement network, handled 831 million transactions during the first month the fiscal year that ended in March with a total value of 786.3 trillion rials…

Shaparak, the domestic payment and settlement network, processed 1.035 billion transactions during the last month of the fiscal year that ended on March19, worth 1.18 quadrillion rials ($39…

Negotiations with big credit card issuers, namely Visa and Master Card, are underway to introduce their cards to Iran’s market, the CEO of Shaparak payment and settlement network said on…

SHAPRAK payment and settlement network hosted 838 million successful transactions during the month that ended  Jan. 20 with a total worth of 873.1 trillion rials ($28.9 billion), marking a…

The Iranian SHAPARAK payment and settlement network processed 814 million transactions in the Iranian month ending December 21, marking a 31% growth year-on-year. The total value of transaction…

The Iranian SHAPARAK payment and settlement network was selected as the best state-run electronic trade scheme at the general meeting of the Asia- Pacific Council for Trade Facilitation and…

SHAPARAK – electronic card and settlement system -- has handled 3.9 billion transactions worth 3.93 quadrillion rials ($131.2 billion at the official exchange rate) during the first five months…

The recent news from the Central Bank of Iran to oblige charging of transaction fees from 1,000 to 1,500 rials per transaction (pending Money and Credit Council final approval) on ‘Point-of-…