Analysis of Shaparak’s Report for Tir 1402 Reveals a Decrease in the Number (56 million) and Amount (9 trillion) of Transactions in this Month. However, the Average Amount per Transaction (230,000) has Relatively Increased.

According to IDEA’s report, the Central Bank has released statistics and figures related to the transactions carried out under the Shaparak electronic payment network for the month of Tir in 1402. All banks and financial institutions active in Iran’s banking network are connected to Shaparak, and therefore, analyzing the monthly reports of this network can provide a good overview of the transaction situation in the country.

The decrease in Shaparak transactions in Tir month coincided with the submission of tax returns and the implementation of the revised fee system. The Tir month report of Shaparak indicated that the volume of transactions decreased by 56 million compared to the same period of the previous month (Khordad 1402). This report comes at a time when the Khordad Shaparak report showed an increase of 105 million compared to Ordibehesht 1402 (May 2023). It needs to be examined what factors have caused the sudden shift from the consistently upward trend of transactions in Khordad month to this sudden decrease.

Shaparak Economic Report

As seen in the chart above, the Tir month Shaparak report reflects 4.212 million transactions with a value of 9.698 trillion rials in the payment network. Consequently, the number and value of transactions in Tir month decreased by 1.32% and 0.91%, respectively, compared to Khordad month.

Reasons for the Decrease in Shaparak Transactions in Tir 1402

According to statistics, Shaparak’s Tir month transactions have increased by 11.72% and 41.44% in terms of volume and value, respectively, compared to the same period of the previous year (1401). However, the nominal value of transactions in this month has decreased by 0.91% compared to the previous month, and the real value of transactions has decreased by 2.81%.

One of the factors affecting the transaction volume appears to be inflation. In fact, inflation over the past month has had a 3% impact on the real value of transactions in the payment network. The decrease in value signifies a decrease in purchasing power. The monthly Shaparak reports over the past few months have consistently shown a decrease in the real value of transactions, with a 1% decrease reported for Khordad 1402.

Increase in the Number of Shaparak Payment Tools

According to Shaparak’s provided report, the number of payment tools has increased by 0.91%, with the majority of this growth coming from a 0.79% increase in the number of point-of-sale card readers.

Furthermore, online acceptance tools have also experienced a 3.18% growth in Tir 1402 compared to the previous month. Interestingly, the number of mobile acceptance tools has decreased by 4.21% during the same period.

Popular PSP Companies

Based on Shaparak’s report, Mellat Payment Company has taken the first place among PSP companies, accounting for 20.81% of transaction amounts. Saman Electronic Payment Company holds the second position with a 2% difference.

In this month’s evaluation of Shaparak, regarding the index of transaction amount share among PSP companies, Parsian E-commerce and Pasargad Electronic Payment companies have shifted places, as well as between Novin Arya Payment and Sepah Electronic Payment companies. In the index of share from the total transaction amounts, Sepah Electronic Payment Company has achieved a 1.15% growth compared to Khordad, reaching 4.97%. This company has shown the highest growth rate among the twelve payment service providers.

Average Amount per Transaction in Tir 1402: 230,000 Toman

One noteworthy aspect of the report released by the Central Bank is the increase in the average amount per transaction despite the decrease in transaction numbers and total transaction amou

nts. The average amount per transaction has slightly increased from 229,000 Toman in Khordad month to 230,000 Toman in Tir month.
Moreover, statistics indicate that the average amount per transaction in Tir 1402 was equivalent to 182,000 Toman in the same month of the previous year (1401).

Examining the statistics of the average amount per transaction is important because this figure can somewhat reflect the impact of inflation on transactions. In other words, it can be said that in Tir 1401, on average, individuals paid 182,000 Toman for each purchase, and this figure has increased to 230,000 Toman in Tir 1402, which could be attributed to rising prices and inflation in Iran’s economy.

Additionally, about 1.45 billion transactions, which is approximately 25% of the total transactions, were related to Tehran Province, while 3.166 billion transactions took place in other provinces.