ZarinPal
Hamrah Pardaz Zarin Private Joint Stock Company, operating as ZarinPal, is a privately held Tehran-based Iranian payment facilitator. It provides internet payment gateways, payment links, settlement tools and developer integrations for online merchants and platforms, while ZarinCrowd operates a licensed crowdfunding platform. The company is relevant to participants in Iran’s domestic digital-commerce and merchant-payments infrastructure.
Operations & footprint
Products and services
ZarinPal provides online payment and merchant-fintech services, including internet payment gateways, payment links, merchant accounts, transaction routing, payment settlement, split settlement, direct settlement, recurring and managed payment tools, developer APIs, payment guarantees, transaction reporting, mobile access, merchant onboarding, payment support, and banking-related services for online stores, software platforms, content businesses, startups, and other merchants.
Operations and assets
The company operates a merchant payments platform comprising internet payment gateways, ZarinLink payment links, payout and split-settlement tools, developer integrations and plugins. ZarinCrowd operates as its crowdfunding platform under an Iran Fara Bourse licence.
Geographic footprint
Tehran, Iran.
Ownership & group structure
Ownership
Privately held by its founders and associated private investors.
Reported scale
Employees: 100–250 employees (2023).
Commercial and investment relevance
ZarinPal is relevant for investors assessing Iran's payment-facilitation market, e-commerce infrastructure, merchant acquiring, online transaction flows, fintech regulation, digital-business enablement, and payment reliability. It can support analysis of merchant onboarding, settlement economics, transaction-routing technology, payment conversion, fraud control, and competition among payment facilitators. Due diligence should verify Shaparak and Central Bank authorization status, PSP relationships, merchant and transaction volumes, KYC and AML controls, settlement rules, cybersecurity practices, fraud exposure, payment uptime, revenue model, regulatory disputes, banking relationships, and any restrictions affecting payment facilitators or merchant categories. For merchants and software platforms, ZarinPal provides payment acceptance and settlement infrastructure for domestic online transactions. Technology partners can integrate its gateway and payment tools into checkout and marketplace workflows.
Constraints, risk & compliance
Key risks and constraints
The business depends on continued operation within Central Bank of Iran and Shaparak payment-facilitator rules, as well as bank and payment-network relationships supporting merchant settlement. Platform continuity also depends on secure payment processing and effective merchant onboarding controls.
Sanctions and compliance considerations
Cross-border counterparties should assess Iran-related sanctions restrictions before engaging with the company or supporting its payment infrastructure.
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Frequently asked questions
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What is ZarinPal?
ZarinPal is the operating brand of Hamrah Pardaz Zarin Private Joint Stock Company, a private Iranian payment facilitator serving online merchants and platforms.
What services does ZarinPal provide?
Its services include internet payment gateways, ZarinLink payment links, payout and split-settlement tools, developer integrations and plugins, plus ZarinCard and the ZarinCrowd crowdfunding platform.
Where is ZarinPal based?
The company is headquartered in Yousef Abad, Tehran, Iran.
Is ZarinPal regulated as a payment facilitator?
ZarinPal operates as a payment facilitator under Central Bank of Iran regulations and the Shaparak framework. ZarinCrowd holds a crowdfunding licence from Iran Fara Bourse.