Iran Cards and Payments Market Opportunities and Risks Report 2021-2025 – ResearchAndMarkets.com


DUBLIN – (COMMERCIAL THREAD) – The report “Cards and Payments in Iran – Opportunities and Risks to 2025” has been added to ResearchAndMarkets.com offer.

The report provides a detailed analysis of market trends in the Iranian card and payments industry. It provides values ​​and volumes for a number of industry key performance indicators including cards and checks during the review period (2017-21st).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, values ​​and transaction volumes during the review period and during the period of review. forecast (2021e-25f). It also offers information on the country’s competitive landscape, including the market shares of transmitters and systems.

The report brings together the publisher’s research, modeling and analysis expertise to enable banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in the regulatory structure.

The report provides high-level market analysis, insights, and insights on the Iranian card and payments industry, including –

  • Current and forecast values ​​for each market of the Iranian card and payments industry, including debit and credit cards.

  • Detailed information on payment methods, including cards and checks. It also includes an overview of the main alternative payment instruments in the country.

  • Analysis of the e-commerce market.

  • Analysis of the various market drivers and regulations governing the Iranian card and payment industry.

  • Detailed analysis of the strategies adopted by banks and other institutions to market debit and credit cards.

Scope

  • The Iranian government has taken various initiatives to increase the adoption of credit cards. To promote credit cards as an alternative to small micro-loans, in August 2021, the Central Bank of Iran increased the maximum credit limit that can be offered on credit cards by IRR 50 million ($ 1,187.57) to IRR 200 million ($ 4,750.28). In June 2021, the central bank authorized five banks (Bank Mellat, Bank Saderat Iran, Tejarat Bank, Refah Bank and Bank Melli Iran) to offer credit cards to people eligible for government grants, with a maximum credit limit of IRR7. . .0m ($ 166.26) and an 18 month payback period. The card can only be used for payments and does not support withdrawals or fund transfers.

  • The central bank is focused on stimulating contactless mobile payments. In February 2021, it launched an EMV-based mobile payment system in Iran, which allows users to make NFC-based contactless mobile payments by adding their payment cards to supported mobile apps. By September 2021, three banks and one payment service provider had activated this contactless payment functionality on more than 20,000 point-of-sale terminals. 764,000 other point-of-sale terminals are now equipped with this functionality. The growing emphasis on contactless payments will further boost electronic payments in the country.

  • The Iranian rial has lost value amid rising inflation and US sanctions. Its value deteriorated further following the COVID-19 outbreak. In order to remedy this situation, the Iranian government adopted in May 2020 a bill to replace the rial by the toman (with a toman equal to 10,000 rials). The central bank has two years to withdraw the rials from circulation and issue tomans.

Main topics covered:

  • Summary

  • Market Snapshot

  • Payment instruments

  • Card payments

  • Alternative payments

  • Payment innovations

  • Payment infrastructure and regulation

  • appendix

Companies mentioned

  • Bank Melli Iran

  • Sepah Bank

  • Bank Saderat Iran

  • Bank of Tejarat

  • Keshavarzi Bank

  • Refah Bank

  • Iran Postal Bank

  • Parsian Bank

  • Maskan Bank

  • Mellat Bank

  • Qarz Al-Hasaneh Mehr Bank Iran

  • FR Bank

  • TT Bank

  • Ansar Bank

  • Pasargad Bank

  • Sina Bank

  • Ayandeh Bank

  • Saman Bank

  • Sarmayeh Bank

For more information on this report visit https://www.researchandmarkets.com/r/7gaz09


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