Saudi POS transactions rise 30% in October 2019

01/12/2019 Argaam Special

 

Point-of-sale (POS) transactions in Saudi Arabia grew by 30% year-on-year (YoY) to SAR 25.12 billion in October 2019, according to recent data from the Saudi Arabian Monetary Authority (SAMA).

 

Data showed that a total of 164.2 million transactions were processed, up 71% YoY, through nearly 421,900 points-of-sales in shopping malls, retail stores, and pharmacies.

 

POS Transactions (SAR bln)

Month

2018

2019

Variation

January

16.44

21.38

+30%

February

15.39

19.24

+ 25 %

March

19.54

23.43

+ 20 %

April

19.40

24.13

+ 24 %

May

23.06

27.82

+ 21 %

June

19.30

20.73

+ 7 %

July

19.18

22.77

+ 19 %

August

19.20

22.56

+ 18 %

September

19.31

24.37

+ 26 %

October

19.30

25.12

+30%

November

19.87

--

--

December

22.33

--

--

 

Cash withdrawals inched up 1% YoY to SAR 62.61 billion through 181.9 million transactions processed across 18,840 ATMs in October 2019.

 

ATM Withdrawals (SAR bln)

Month

2018

2019

Variation

January

62.22

63.22

+2%

February

56.34

54.98

(2%)

March

66.73

65.32

(2%)

April

63.30

62.63

(1%)

May

68.05

72.25

+6%

June

61.94

54.39

(12%)

July

63.42

63.15

(0.4%)

August

63.16

59.65

(6%)

September

57.62

59.22

+3%

October

62.05

62.61

+1%

November

59.62

--

--

December

63.86

--

--

 

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