Electronic Payment Machine
The point-of-sale (POS) transactions leapt by 32% to SAR 10.5 billion in the week ended Aug. 28, from SAR 8 billion in the previous week, data issued by the Saudi Central Bank (SAMA) showed.
Data showed that a total of 110.5 million transactions were processed in the week.
POS transactions represent what is spent by consumers using ATM cards and credit cards in shopping malls, retail stores, pharmacies, etc.
|
Weekly POS Transactions |
|||
|
Week |
Number of Transactions (’000) |
Transactions’ Value |
Variation in Value |
|
Jan. 3- 9 |
81579 |
8516.5 |
(21%) |
|
Jan. 10- 16 |
81146 |
8184.2 |
(4%) |
|
Jan. 17- 23 |
72492 |
7509.7 |
(8%) |
|
Jan. 24- 30 |
85085 |
9302.2 |
+24% |
|
Jan. 31- Feb. 6 |
83184 |
8555.9 |
(8%) |
|
Feb. 7-13 |
78653 |
7631.0 |
(11%) |
|
Feb. 14- 20 |
75594 |
7188.2 |
(6%) |
|
Feb. 21- 27 |
74531 |
7341.8 |
+2% |
|
Feb. 28- March 6 |
91204 |
9879.4 |
+35% |
|
March 7- 13 |
87814 |
8548.6 |
(13%) |
|
March 14- 20 |
86005 |
8458.2 |
(1%) |
|
March 21- 27 |
86553 |
8820.9 |
+4% |
|
March 28- April 3 |
101622 |
11375.0 |
+29% |
|
April 4- 10 |
96104 |
10043.1 |
(12%) |
|
April 11- 17 |
81624 |
8196.8 |
(18%) |
|
April 18- 24 |
72190 |
7315.1 |
(11%) |
|
April 25- May 1 |
91781 |
10731.1 |
+47% |
|
May 2- 8 |
94300 |
10877.5 |
+1% |
|
May 9- 15 |
90900 |
8621.7 |
(21%) |
|
May 16- 22 |
82211 |
7054.1 |
(18%) |
|
May 23- 29 |
96535 |
9168.3 |
+30% |
|
May 30- June 5 |
102397 |
9499.1 |
+4% |
|
June 6- 12 |
100417 |
8876.8 |
(7%) |
|
June 13- 19 |
94783 |
8289.6 |
(7%) |
|
June 20- 26 |
94112 |
8357.9 |
+1% |
|
June 27- July 3 |
111340 |
10749.8 |
+29% |
|
July 4 – 10 |
104460 |
9352.1 |
(13%) |
|
July 11 – 17 |
106481 |
9528.0 |
+2% |
|
July 18 – 24 |
84706 |
6123.8 |
(36%) |
|
July 25 – 31 |
106791 |
9713.3 |
+59% |
|
Aug. 1- 7 |
105714 |
9020.7 |
(7%) |
|
Aug. 8-14 |
104697 |
8714.5 |
(3%) |
|
Aug. 15-21 |
96937 |
8002.2 |
(8%) |
|
Aug. 22-28 |
110497 |
10539.9 |
+32% |
All sectors witnessed an increase in POS during the same period, led by education sector, which surged by 207%, driven by the return of schools. It was followed by recreation & culture and telecommunications, which rose 66% and 61%, respectively.
Consumer spending focused on the food and beverages sector in the week, with nearly SAR 1.6 billion, representing 15% of POS transactions, followed by restaurants and cafes sector with SAR 1.3 billion.
|
POS Transactions by Sector (SAR mln) |
|||
|
Segment |
Transactions’ Value Week Ending Aug. 21 |
Transactions’ Value Week Ending Aug. 28 |
Weekly Variation |
|
Education |
227.8 |
698.2 |
+207% |
|
Recreation & Culture |
217.2 |
361.1 |
+66% |
|
Telecommunications |
78.9 |
126.7 |
+61% |
|
Clothes & Footwear |
514.6 |
757.8 |
+47% |
|
Food & Beverages |
1208.5 |
1616.6 |
+34% |
|
Electronic & Electric Devices |
237.9 |
304.6 |
+28% |
|
Miscellaneous Goods & Services |
733.4 |
925.4 |
+26% |
|
Public Utilities |
74.7 |
93.6 |
+25% |
|
Transport |
462.8 |
570.7 |
+23% |
|
Healthcare |
616.3 |
737.2 |
+20% |
|
Fuel Stations |
528.4 |
629.0 |
+19% |
|
Furniture |
260.7 |
306.3 |
+17% |
|
Restaurants & Cafes |
1118.5 |
1309.0 |
+17% |
|
Jewelry |
177.3 |
193.8 |
+9% |
|
Construction & Building Materials |
315.2 |
335.2 |
+6% |
|
Hotels |
178.1 |
178.6 |
+0.3% |
|
Other |
1051.9 |
1396.2 |
+33% |
|
Total |
8002.2 |
10539.9 |
+32% |
Riyadh topped the POS transactions by cities in terms of value with nearly SAR 3.3 billion, representing 31% of the total sales. Jeddah came second with SAR 1.65 billion.
|
POS Transactions by City (SAR mln) |
|||
|
City |
Transactions’ Value Week Ending Aug. 21 |
Transactions’ Value Week Ending Aug. 28 |
Weekly Variation |
|
Riyadh |
2516.4 |
3269.0 |
+30% |
|
Jeddah |
1314.4 |
1648.0 |
+25% |
|
Dammam |
408.4 |
555.8 |
+36% |
|
Madinah |
285.1 |
387.0 |
+36% |
|
Al Khobar |
272.3 |
352.4 |
+29% |
|
Makkah |
265.3 |
346.5 |
+31% |
|
Buraydah |
199.7 |
251.8 |
+26% |
|
Tabuk |
138.6 |
204.3 |
+47% |
|
Abha |
153.5 |
174.1 |
+13% |
|
Hail |
123.5 |
170.8 |
+38% |
|
Other Cities |
2325.1 |
3180.1 |
+37% |
|
Total |
8002.2 |
10539.9 |
+32% |
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