Saudi POS transactions rise 34% to SAR 33.2 bln in September 2020

01/11/2020 Argaam Special


Point-of-sale (POS) transactions in Saudi Arabia saw a 34% year-on-year (YoY) rise to around SAR 33.2 billion in September 2020 from SAR 24.8 billion during the same month last year, figures from the Saudi Arabian Monetary Authority (SAMA) showed.

 

Data showed that 292 million transactions were processed through nearly 614,300 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

16.18

(33%)

May

27.82

23.45

(16%)

June

20.76

37.02

+78%

July

23.54

31.51

+34%

August

23.76

31.15

+31%

September

24.84

33.21

+34%

October

25.12

--

--

November

25.85

--

--

December

27.93

--

--

 

 

On a yearly basis, cash withdrawals declined 10% YoY from SAR 59.2 billion to SAR 53.03 billion.

 

The withdrawals were processed through 18,600 ATMs in September 2020, and through 149.1 million transactions.

 

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

40.55

(35%)

May

72.25

44.49

(38%)

June

54.39

49.38

(9%)

July

63.15

57.66

(9%)

August

59.65

48.06

(19%)

September

59.22

53.03

(10%)

October

62.61

--

--

November

59.56

--

--

December

63.66

--

--

 

 

No. of ATMs since the beginning of 2019

Month

ATMs

Monthly Variation

January 2019

18674

(11)

February

18706

+32

March

18742

+36

April

18764

+22

May

18790

+26

June

18820

+30

July

18836

+16

August

18797

(39)

September

18832

+35

October

18839

+7

November

18839

--

December

18882

+43

January 2020

18888

+6

February

18890

+2

March

18876

(14)

April

18855

(21)

May

18836

(19)

June

18802

(34)

July

18604

(198)

August

18658

+54

September

18615

(43)

 

For More Reports

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.