Population
89.5M
Online population
69.8M
Currency
IRR
Population - 89.5M
At the start of 2023, 77% of Iran’s population lived in urban centres, while 23% lived in rural areas.
Internet penetration - 78.6%
There [were](https://datareportal.com/reports/digital-2023-iran#:~:text=The state of digital in Iran in 2023&text=There were 69.83 million internet,percent of the total population.) 69.8M internet users in Iran in January 2023.
Unofficial reports show that about 50 FinTech startups are operating in Iran’s financial markets. Lack of a unique regulatory body and a proper legal framework, are named as Iranian FinTechs' main obstacles. Recently, the Central Bank of Iran has announced that it was working on a comprehensive rulebook to authorize operation of FinTechs in the country. In 2017, a FinTech Association was established, and last years its own fast payment system was launched into operation. There are hundreds of FinTech startups in the country, including venture funds and business angels.
Digital banking professional say innovative credit services, namely lendtech and BNPL (buy now and pay later), will dominate Iran's FinTech ecosystem this year, thanks to the galloping inflation.
Jibimo is a peer-to-peer mobile payment application for both consumers and businesses that allows customers to pay or refund their friends or partners instantly, at no cost! With Jibimo, your mobile becomes your connected wallet. It’s Simple, Social and Secure. It provides an API gateway for businesses for payment processing.
As the first and one of the largest LendTech start-ups at Iran, its online platform provides the opportunity to invest smartly and pay in installments simultaneously by empowering individuals and businesses to join sharing economy. Lendo has come up with solutions in the Installment purchase and payment industry through the integration of information technology and financial innovations such as credit ratings based on artificial intelligence.
According to the Central Bank of Iran, 40 registered banks and credit institutions operate in Iran which there are five foreign banks among the active banks’ list.
These licenced foreign banks which mostly located in Tehran and Kish Free Trade Zone, are as follows: