Iran Cards and Payments: Opportunities and Risks to 2028

The analyst's ‘Iran Cards and Payments: Opportunities and Risks to 2028' report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfer, and cheques during the review-period (2019-23e).

The report 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 (2024f-28f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

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

The analyst's ‘Iran Cards and Payments: Opportunities and Risks to 2028' report provides top-level market analysis, information and insights into the Iranian cards and payments industry, including :

• Current and forecast values for each market in the Iranian cards and payments industry, including debit, credit and charge cards.
• Detailed insights into payment instruments including cards, credit transfer, and cheques. It also, includes an overview of the country's key alternative payment instruments.
• Ecommerce 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.
• Comprehensive analysis of consumer attitudes and buying preferences for cards.
• The competitive landscape of the Iranian cards and payments industry.

Scope

• Amid geopolitical uncertainty, Iran and Russia integrated their respective national payment systems, Iran’s Shetab and Russia’s Mir, in January 2024. This enables banks in both countries to open accounts for companies and carry out direct payments without using the SWIFT payment system (which Iran and Russia cannot access due to international sanctions).
• Iran’s economy has been suffering from significantly high inflation for a sustained period of time. Inflation stood at 45.8% in 2023e, driven by years of international sanctions, geopolitical uncertainty, and political instability. As a result, Iranians have faced massive price increases across a range of sectors, lead to reduced discretionary incomes. High inflation will continue to impact consumer spending, thus hindering the payment card industry.
• To promote tourism, banks in Iran offer payment cards designed for both domestic and international travelers. For instance, Iran Tourism Information Technology partners with credit card company Rayan Shab Angat to offer Rayan credit cards for individuals, businesses, and organizations. The card offers installment payment facilities on purchases, while card holders also get discounts on travel bookings at partner merchants.

Reasons to Buy

• Make strategic business decisions, using top-level historic and forecast market data, related to the Iranian cards and payments industry and each market within it.
• Understand the key market trends and growth opportunities in the Iranian cards and payments industry.
• Assess the competitive dynamics in the Iranian cards and payments industry.
• Gain insights into marketing strategies used for various card types in Iran.
• Gain insights into key regulations governing the Iranian cards and payments industry.