Shaparak: as the growth of in-store card readers decreased, the growth of online acceptance tools increased

According to the IDEA, The October report of Shaparak shows that the number of Shaparak tools has decreased by 1.42% compared to last month. This decrease is while the internet acceptance tool has experienced a growth of 6.09%. Also, for the first time during this year, the growth of store card readers in the payment network has been accompanied by a decrease of 1.03.

Shaparak’s October report shows that the number of Shaparak tools in general has decreased by 1.42% compared to last month. In Shaparak’s report, the reason for the decrease in the growth of acceptance tools is linked to a 1.03% decrease in store card readers and a 94.20% decrease in mobile acceptance tools.

The number of acceptance tools in the payment network shows the decrease in the growth of store card readers and the growth of Internet acceptance tools.

The decrease in two store card reader acceptance tools and mobile acceptance has been accompanied by the growth of 6.09 Internet acceptance tools compared to September. It seems that the decrease in the growth of store card readers, along with the significant growth of the use of internet acceptance tools, if it continues, can change the development path of the payment network.

However, the store card reader still has the highest number of system active acceptance tools in the payment network with 92.07% market share, and the internet acceptance tool with 5.55% and the mobile acceptance tool with 2.38% are in the next position.

Amount growth of transactions in the shadow of inflation

Shaparak’s report shows that in October, as many as 4.133 million transactions with a nominal value of 10.220 thousand billion Rials were made in the country’s electronic payment network. Based on this, the payment network has faced a decrease of 1.45% and a 2.74% increase in the value of Riyal compared to the previous month.

Comparing the nominal and real value of the transaction amount shows the positive effect of inflation on the transaction amount of the payment network.

Despite the growth of 2.74% in the nominal value of transactions in October compared to last month, the real value of transactions has grown by only 0.36%. A comparison of the growth of the nominal and real value of transactions in the payment network shows that the growth of 2.38% of the total amount of transactions in October compared to last month was affected by inflation and only 0.36% of the amount of transactions was real.

Month without moving PSPs

The October report of Shaparak shows that the Mellat payment company has won the first place in terms of transaction amount with a share of 20.36%. Saman electronic payment is still ranked second among electronic payment companies with a difference of nearly one percent.

18.60% of the sums of the store card reader market belongs to the Mellat payment company and this company has the highest share in the field. Meanwhile, Saman electronic payment, a competitor to payment, has faced a 0.33% decrease in the transaction amount of store card readers this month.

Also, Irankish credit card company has been able to achieve the highest growth rate in this index in the internet acceptance tool with an increase of 1.54%, and on the other hand, Parsian Electronic Commerce Company also has the largest difference in the share of mobile acceptance tool transactions with an increase of 0.61%. has achieved The October report of Shaparak in the section of electronic payment companies shows that PSP companies have not moved in their position.