CompaniesSadad Electronic Payment

Sadad Electronic Payment

Verified
FintechpspIn the registry
Entity IDIR-CO-2187
SectorFintech
Founded1999
HQTehran
VerificationVerified
Last reviewed2026-07-18

Electronic payment service provider (PSP) in Iran. Provides payment gateway; POS terminals; and digital payment infrastructure. One of Iran's major PSP companies.

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Operating metrics, period-stamped
Full-year results (to December 2024)Financial year ended December 2024Company disclosed
Operating revenue of 3,660 billion toman for the financial year ended December 2024, roughly $52M at the 2024-25 average free-market rate of ~70,000 toman/$. Net profit fell to 234.5 billion toman from 273.9 billion the previous year, so revenue and profit moved in opposite directions.
Annual financial statements, via Digiato · retrieved 2026-08-13The fiscal year ends in Azar, not at the Iranian new year, so this year is not comparable to peers reporting to 20 March. FX restated 21 August 2026: the 2024-25 (FY1403) average was revised from ~62,000 to ~70,000 toman/$ following a Tehran Index audit of the tgju series (50 observations; simple mean 70,080, monthly means 69,100). Dollar figure recomputed; toman figure unchanged.
Business model & group
Revenue concentration (to December 2024)Financial year ended December 2024Company disclosed
About 58% of operating revenue came from payment services provided to the Shaparak network and to Bank Melli, with Bank Melli alone accounting for roughly a third. The company is the payment services arm of Bank Melli.
Annual financial statements, via Digiato · retrieved 2026-08-13Concentration on a single related-party client is the salient feature of this record.
Source ledger, every field, its evidence
Full-year results (to December 2024)Company disclosedFinancial year ended December 2024
Operating revenue of 3,660 billion toman for the financial year ended December 2024, roughly $52M at the 2024-25 average free-market rate of ~70,000 toman/$. Net profit fell to 234.5 billion toman from 273.9 billion the previous year, so revenue and profit moved in opposite directions.
Annual financial statements, via Digiato · retrieved 2026-08-13retrieved 2026-08-13
Revenue concentration (to December 2024)Company disclosedFinancial year ended December 2024
About 58% of operating revenue came from payment services provided to the Shaparak network and to Bank Melli, with Bank Melli alone accounting for roughly a third. The company is the payment services arm of Bank Melli.
Annual financial statements, via Digiato · retrieved 2026-08-13retrieved 2026-08-13

Last full review: 2026-07-18 · Tehran Index research desk · corrections: desk@tehranindex.com

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Registered entity
Registered2014 (2014-15)
Evidence & verification
Verification tierVerified, registry / official source
Primary evidencesadadpsp.ir
Registry identifiersWithheld for compliance

Fields on this profile derive from linked public sources or the official company registry; unknown values stay blank rather than guessed, and estimates are always labelled. How we verify →

Quick facts
Tehran, Iran
Founded 1999
sadadpsp.irLinkedIn
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