Iran Cards and Payments – Opportunities and Risks to 2026

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Iran Cards and Payments Market Report Overview

The Iran cards and payments market size was valued at $4.1 trillion in 2022 and is expected to achieve a CAGR of more than 26% during 2022-2026. Iran’s payment card market is relatively well-developed. The high penetration rate can be attributed to the country’s large banking population, as well as the implementation of various government initiatives to encourage electronic payments.

The Iran cards and payments market research report provides a detailed analysis of market trends in the Iran cards and payments market. The report provides values and volumes for several key performance indicators in the industry, including cards, credit transfers, and cheques during the review-period. It also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values, and volumes during the review period and over the forecast period. Moreover, it offers information on the country’s competitive landscape, including market shares of issuers and schemes.

Iran Cards and Payments Market Outlook, 2022-2026 ($ Trillion)

Iran Cards and Payments Market Outlook, 2022-2026 ($ Trillion)

 

To gain more information on the Iran cards and payments market forecast, download a free report sample

Iran Cards and Payments Market Dynamics

The central bank of Iran is focusing on boosting contactless mobile payments. In February 2021, it launched an EMV-based mobile payment system, which allows users to make NFC-based contactless mobile payments by adding their payment cards to supported mobile apps. As of September 2021, three banks and one payment service provider had enabled this contactless payment functionality at over 20,000 POS terminals.

Owing to the US sanctions and rising inflation, the Iranian rial (IRR) has been declining in value. Its value further deteriorated following the outbreak of COVID-19. To address this situation, in May 2020, the Iranian government passed a bill to replace the rial with the toman and in September 2022, the central bank began a trial of its digital currency, the digital rial.

Iran Cards and Payments Market Segmentation by Payment Instruments

The key payment instruments in the Iran cards and payments market are cards, credit transfers, and cheques. In 2022, cards were the major payment instrument. Technologies such as quick-response (QR) codes and near-field communication (NFC) will further promote the growth of payment cards in the coming years.

Iran Cards and Payments Market Analysis by Payment Instruments, 2022 (%)

Iran Cards and Payments Market Analysis by Payment Instruments, 2022 (%)

For more payment instrument insights into the Iran cards and payments market, download a free report sample

Iran Cards and Payments Market Segments

The key segments in the Iran cards and payments market are card-based payments and alternative payments.

Iran Cards and Payments Market - Competitive Landscape

Some of the leading players in the Iran cards and payments market are Bank Melli Iran, Bank Saderat Iran, Bank Mellat, Bank Sepah, Tejarat Bank, Bank Keshavarzi, Bank Maskan, Refah Bank, Parsian Bank, and Post Bank of Iran.

Iran Cards and Payments Market Report Overview

Market Size (2022) $4.1 trillion
CAGR >26%
Forecast Period 2022-2026
Historical Period 2018-2021
Key Payment Instruments Cards, Credit Transfers, and Cheques
Key Segments Card-Based Payments and Alternative Payments
Leading Players Bank Melli Iran, Bank Saderat Iran, Bank Mellat, Bank Sepah, Tejarat Bank, Bank Keshavarzi, Bank Maskan, Refah Bank, Parsian Bank, and Post Bank of Iran

Segments Covered in the Report 

Iran Cards and Payments Instruments Outlook (Value, $ Trillion, 2018-2026)

  • Cards
  • Credit Transfers
  • Cheques

Iran Cards and Payments Market Segments Outlook (Value, $ Trillion, 2018-2026)

  • Card-Based Payments
  • Alternative Payments

Scope

This report provides:

  • Current and forecast values for each market in the Iranian cards and payments industry, including debit and credit cards.
  • Detailed insights into payment instruments including cards and cheques. It also includes an overview of the country’s key alternative payment instruments.
  • E-commerce market analysis.
  • Analysis of various market drivers and regulations governing the Iranian cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Reasons to Buy

This report provides:

  • Current and forecast values for each market in the Iranian cards and payments industry, including debit and credit cards.
  • Detailed insights into payment instruments including cards and cheques. It also includes an overview of the country’s key alternative payment instruments.
  • E-commerce market analysis.
  • Analysis of various market drivers and regulations governing the Iranian cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Bank Melli Iran
Bank Saderat Iran
Bank Mellat
Bank Sepah
Tejarat Bank
Bank Keshavarzi
Bank Maskan
Refah Bank
Parsian Bank
Post Bank of Iran
TT Bank
Qarz Al-Hasaneh Mehr Iran Bank
Ansar Bank
Pasargad Bank
TAT Bank
Saman Bank
EN Bank
Sarmayeh Bank
Sina Bank

Table of Contents

Table of Contents

Market Overview

Payment Instruments

Card-Based Payments

Alternative Payments

Payment Innovations

Payment Infrastructure and Regulation

Appendix

Frequently asked questions

Iran Cards and Payments – Opportunities and Risks to 2026 standard reports
Currency USD
$2,750

Can be used by individual purchaser only

$8,250

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Iran Cards and Payments – Opportunities and Risks to 2026 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS

Related reports

View more Payments reports
Financial Services
New
Worldline - Competitor Profile
$350 | March 2024
Financial Services
New
Global Risk Report Quarterly Update - Q1 2024
$1,100 | April 2024
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Iran Cards and Payments – Opportunities and Risks to 2026 in real time.

  • Access a live Iran Cards and Payments – Opportunities and Risks to 2026 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.