POS transactions surge 142% to SAR 39.2 bln in April 2021: SAMA

01/06/2021 Argaam Special


The point-of-sale (POS) transactions soared by 142% to SAR 39.17 billion in April 2021, from SAR 16.18 billion in the previous week, data issued by the Saudi Central Bank (SAMA) showed.

 

During this month, Saudi Arabia implemented several precautionary measures to combat COVID-19 pandemic, which led to lower POS transactions in most sectors.

 

Data showed that a total of 371.3 million transactions were processed through 823,700 points-of-sale in the month.

 

POS Transactions (SAR bln) 

Month 

2020 

2021 

Variation 

January 

28.53 

37.27 

+31% 

February 

25.93 

31.05 

+20% 

March 

24.79 

40.84 

+65% 

April 

16.18 

39.17 

+142% 

May 

23.45 

-- 

-- 

June 

37.02 

-- 

-- 

July 

31.51 

-- 

-- 

August 

31.15 

-- 

-- 

September 

33.21 

-- 

-- 

October 

33.64 

-- 

-- 

November 

34.26 

-- 

-- 

December 

37.62 

-- 

-- 

 

 

On a yearly basis, cash withdrawals increased by 27% to SAR 51.35 billion in April 2021, from SAR 40.55 billion last year.

 

The withdrawals were processed through 17,100 ATMs and through 136.8 million transactions.

 

ATM Withdrawals (SAR bln) 

Month 

2020 

2021 

Variation 

January 

62.94 

51.96 

(17%) 

February 

56.39 

45.01 

(20%) 

March 

56.90 

54.66 

(4%) 

April 

40.55 

51.35 

+27% 

May 

44.49 

-- 

-- 

June 

49.38 

-- 

-- 

July 

57.66 

-- 

-- 

August 

48.06 

-- 

-- 

September 

53.03 

-- 

-- 

October 

52.89 

-- 

-- 

November 

51.53 

-- 

-- 

December 

55.06 

-- 

-- 

 

 

The following table illustrates the number of points-of-sale since the beginning of 2020:

 

Number of ATMs 

Month 

ATMs 

Monthly Variation 

January 2020 

18888 

+6 

February 

18890 

+2 

March 

18876 

(14) 

April 

18855 

(21) 

May 

18836 

(19) 

June 

18559 

(277) 

July 

18427 

(132) 

August 

18498 

+71 

September 

18456 

(42) 

October 

18410 

(46) 

November 

18346 

(64) 

December 

18299 

(47) 

January 2021 

17376 

(923) 

February 

17276 

(100) 

March 

17277 

+1 

April 

17090 

(187) 

 

Saudi Arabia’s consumer spending leapt by 60% to about SAR 90.52 billion in April 2021, from SAR 56.73 billion during the same period last year.

 

Consumer Spending (SAR bln) 

Month 

2020 

2021 

Variation 

January 

91.47 

89.24 

(2%) 

February 

82.33 

76.06 

(8%) 

March 

81.69 

95.50 

+17% 

April 

56.73 

90.52 

+60% 

May 

67.94 

-- 

-- 

June 

86.40 

-- 

-- 

July 

89.17 

-- 

-- 

August 

79.21 

-- 

-- 

September 

86.24 

-- 

-- 

October 

86.53 

-- 

-- 

November 

85.79 

-- 

-- 

December 

92.68 

-- 

-- 

 

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