Saudi POS transactions grow by 6% in March

30/04/2020 Argaam Special

 

Point-of-sale (POS) transactions in Saudi Arabia rose by 6% year-on-year (YoY) to SAR 24.79 billion in March 2020, figures from the Saudi Arabian Monetary Authority (SAMA) showed.

 

Data showed that 174.5 million transactions were processed through nearly 472,200 points-of-sales in shopping malls, retail stores, and pharmacies.

 

POS Transactions (SAR bln)

Month

2019

2020

Variation

January

21.38

28.53

+33%

February

19.24

25.93

+35%

March

23.43

24.79

+6%

April

24.13

--

--

May

27.82

--

--

June

20.73

--

--

July

22.77

--

--

August

22.56

--

--

September

24.37

--

--

October

25.12

--

--

November

25.85

--

--

December

27.93

--

--

 

Cash withdrawals dropped 13% YoY to SAR 56.9 billion through 153.1 million transactions processed across 18,900 ATMs in March.

 

ATM Withdrawals (SAR bln)

Month

2019

2020

Variation

January

63.22

62.94

(0.4%)

February

54.98

56.39

+3%

March

65.32

56.90

(13%)

April

62.63

--

--

May

72.25

--

--

June

54.39

--

--

July

63.15

--

--

August

59.65

--

--

September

59.22

--

--

October

62.61

--

--

November

59.56

--

--

December

63.66

--

--

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