EghtesadOnline: The Central Bank of Iran announced that as of April 26, the PAYA network, an electronic clearing house, has stopped processing transactions lacking full ID of bank customers.
EghtesadOnline: Iran’s commercial exchanges with its leading trading partner, China, stood at $3.2 billion in the first three months of 2021 – the lowest quarterly volume in the past five years – to register a 17% year-on-year decline.
EghtesadOnline: Iran’s commercial exchanges with top trading partner, China, stood at $14.91 billion in 2020 to register a 35.3% decline compared with the year before.
EghtesadOnline: A total of 159,996 trucks crossed Iranian borders during the month ending Dec. 20, said Javad Hedayati, an official with the Road Maintenance and Transportation Organization of Iran.
EghtesadOnline: India's state-owned UCO Bank has denied plans to halt processing Iranian transactions.
EghtesadOnline: Transactions between Iran and EU member states during January-July 2020 stood at €2.65 billion to register a 9.07% decline compared with last year’s corresponding period, latest data provided by the European Statistical Office show.
EghtesadOnline: An estimated 2.89 billion transactions worth 4,769.01 trillion ($20.7 billion) were processed via Shaparak (the nationwide electronic payment network) in the fifth month of current fiscal year (July-22- August 21)
EghtesadOnline: Banks and non-bank credit institutions can offer electronic wallets to help facilitate micro transactions, says the Money and Credit Council, the highest supervisory and regulatory body of Iran's financial markets.
EghtesadOnline: The nationwide payment settlement network, Shaparak, processed more than 2.87 billion payments worth 5,199.28 trillion rials ($23.3 billion) in the calendar month to July 21.
EghtesadOnline: Iran’s commercial exchanges with its biggest trading partner, China, reached $7.23 billion during the first half of 2020 to register a 42% decline compared with the corresponding period of 2019.