On the fourth day of the summer of 1402, the plan to reform the fee system in the country’s electronic payment network was finally officially launched after several failed attempts over the past decade.
According to IDEA, the official start of the new model was while the details of the plan were accompanied by buts and ifs like any other modification plan; But the central bank finally accepted the implementation risks and decided to implement it step by step; Of course, it is obvious that in an action as complex and sensitive as reforming the fee system, one should not expect agreement on all the details and a 100% consensus among experts and stakeholders.
For this reason, the decision was made to implement in several phases, because the experience of the past decade has clearly shown that patience and procrastination to reach a complete agreement on the details of the method will only lead to delays and failure to implement the plan again, and the result will be nothing but increased losses. Due to the previous faulty process, it will not affect the country’s banking and electronic payment network.
Now, after about 4 months have passed since the implementation of the first phase, the results show that the implementation of the first step of reforming the fee system is successful and defensible in many aspects; Checking the transaction statistics of PSP companies shows that there has been no significant change in the number of transactions after the implementation of the new model compared to before.
One of the achievements of the new model is the beginning of taking steps in the direction of proportionalizing the fee paid by the beneficiaries to the extent of their benefit from the payment network. Although many believe that in the implemented model, there is still a place to receive the fee share from the card holder; But up to this point, sharing the final receiver instead of the receiving bank in financing the service is definitely an important and big step.
Let’s not forget, for example, in 1401, the fee paid by the banking network for purchase transactions amounted to 7.8 thousand billion tomans, which is increasing annually, this number is enough to understand this model in recent years and in the future. The significant increase in the number and amount of transactions has imposed a significant cost on the banking network to the extent that the cost of payment network fees can be considered as one of the factors of disharmony and loss of valuable banking resources and ultimately inflicting losses on the general public.
On the other hand, the increase in costs and in contrast to the deficit of the bank’s resources, has and will have significant negative effects on several issues, including the amount and rate of facilities, the quality of services and the profit allocated to shareholders and depositors. A look at the banks’ financial statements shows that commission expenses are recorded in the current expenses row and logically, this expense row has an effect in increasing the price of equipping resources in banks, which manifests itself in the form of an increase in the interest rate of facilities and a decrease in the banks’ dividends.
Therefore, all sections of the society indirectly pay the commission costs, which, by the way, when these costs become the growth of the monetary base and the increase in the inflation rate, will impose stronger effects and more pressure on the lower deciles, who have even less benefit from electronic services in the banking network. .
Meanwhile, by examining the interim financial statements of the banks, it is clear that with the implementation of the first step of reforming the fee system, the amount of fees paid by the receiving banks in the summer quarter of 1402 has decreased by an average of 12%. This is despite the fact that according to the available statistics in this period of time, only the guilds of the first group, which account for 35% of the total number of transactions of the payment network, have been included in the implementation of the plan, and it can be definitely predicted that with the implementation of the next steps, this ratio will improve. find
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