The amount of transactions has increased by 45% in February

In the month of February, according to the Shapark report, the amount of transactions increased by 45 percent, which represents the highest growth in the amount of transactions compared to the previous months

Based on this, the month of February has seen the largest increase in the amount of transactions since the recession of April of 2023. This positive growth balance has caused the real value of transactions to increase by 2 percent this month and neutralize the effect of inflation on the amount of transactions.

According to Iran digital economy annotation, in February of this year, the transaction amount of Shaparak has grown by 45 percent. This growth rate in the amount of transactions after April 2023 – which reached 146 hemats approximately 3.5 Billion dollar – has been the highest growth rate of the nominal value of transactions so far. According to Shaparak’s report, the number of transactions has also experienced an increase of 37 million.

In this way, in the month of February, more than 4 million transactions worth more than 11 thousand billion Rials have been carried out in the payment network, which has resulted in a growth of 0.92% in the number and 4.24% in the value of transactions compared to January. . According to this report, comparing this year’s month with last year’s month, the number of transactions has increased by more than 7% and the amount of transactions has increased by more than 19%.

According to the Shaparak report, the deflated value of transactions has increased by 2.86%. This growth in the real value of transactions compared to previous months indicates the temporary withdrawal of February transactions from the double pressure of inflation. However, the growth of the real value of transactions has been facing a negative growth of 12.19% compared to February of last year. This negative growth in the real value of transactions indicates the effect of inflation on the amount of transactions in the payment network.

The payment network in the index of acceptance tools has faced an overall growth of 1.45% compared to the previous month. This growth has been achieved in the jump of more than 4% of internet acceptance tool and 1.14% growth of store card reader. On the other hand, the mobile acceptance tool has faced a decrease of more than 4% in growth. Based on this, the performance of each acceptance tool in terms of the number and amount of transactions in the store card reader has been more than 91%, in the internet acceptance tool more than 6% and in the mobile acceptance tool 2.49.

The index of the average number of transactions shows that more than 257,000 transactions were finalized with the internet acceptance tool, 100,000 transactions with the mobile acceptance tool, and more than 3,600,000 transactions with the store card reader. In general, in this index, acceptance tools have faced a decrease in the number of transactions compared to January.

Also, in the review of the amount of transactions of online acceptance tools and store card readers, the majority of transactions were less than 600 thousand Tomans in February. On the other hand, to check the percentage of changes in the number of erroneous transactions in February of this year, nearly 2% of all unsuccessful transactions were related to Shaparak errors. This error was associated with growth this month, but user error still has the largest share of all failed transactions with 88%.

In the overall performance index of electronic payment companies, Mellat Payment has the largest market share with 20.18% and Saman Electronic Payment is in second place with 19.24%. Based on this, the competition of the two mentioned electronic payment companies has reached less than one percent in February, and it is likely that Saman will reach an equal or even greater share of payments in the next month due to the growth of the number of transactions and take the first place from its traditional competitor. In this index, there has been a shift between the two companies Persian Asan Pardakht and Arian Novin Pardakht.