POS device
Consumer spending in Saudi Arabia increased 10% to SAR 97.9 billion in February 2023, from SAR 88.6 billion a year earlier, according to the Saudi Central Bank's (SAMA) monthly bulletin.
Consumer spending includes total cash withdrawals, point-of-sale (POS) transactions and e-commerce sales through "Mada", as the following table shows:
Consumer Spending (SAR bln) |
|||
Month |
2022 |
2023 |
Change |
January |
97.60 |
105.19 |
+ 8 % |
February |
88.57 |
97.85 |
+ 10 % |
March |
113.81 |
-- |
-- |
April |
107.29 |
-- |
-- |
May |
93.23 |
-- |
-- |
June |
103.58 |
-- |
-- |
July |
102.97 |
-- |
-- |
August |
107.12 |
-- |
-- |
September |
103.99 |
-- |
-- |
October |
105.34 |
-- |
-- |
November |
103.28 |
-- |
-- |
December |
109.77 |
-- |
-- |
POS transactions rose 15% year-on-year (YoY) to SAR 44.8 billion in February.
Data showed that 633.2 million transactions were processed through 1.51 million POS devices during the same month.
POS transactions represent what is spent by consumers using their ATM and credit cards in shopping malls, retail stores, pharmacies, etc.
The following table shows the development of POS transactions:
POS Transactions (SAR bln) |
|||
Month |
2022 |
2023 |
Change |
January |
43.56 |
48.33 |
+11% |
February |
38.88 |
44.80 |
+15% |
March |
51.00 |
-- |
-- |
April |
49.44 |
-- |
-- |
May |
42.38 |
-- |
-- |
June |
45.97 |
-- |
-- |
July |
45.75 |
-- |
-- |
August |
49.67 |
-- |
-- |
September |
47.45 |
-- |
-- |
October |
47.66 |
-- |
-- |
November |
46.87 |
-- |
-- |
December |
50.51 |
-- |
-- |
Cash withdrawals from ATMs saw a slight increase of 0.2% YoY to SAR 41.7 billion in February.
These withdrawals were processed from 16,200 ATMs through 117.6 million transactions.
ATM Withdrawals (SAR bln) |
|||
Month |
2022 |
2023 |
Change |
January |
45.82 |
45.15 |
(1%) |
February |
41.67 |
41.73 |
+0.2% |
March |
52.83 |
-- |
-- |
April |
47.58 |
-- |
-- |
May |
41.73 |
-- |
-- |
June |
47.21 |
-- |
-- |
July |
46.99 |
-- |
-- |
August |
46.17 |
-- |
-- |
September |
45.38 |
-- |
-- |
October |
46.78 |
-- |
-- |
November |
45.19 |
-- |
-- |
December |
47.40 |
-- |
-- |
E-commerce sales through Mada cards increased 41% YoY to SAR 11.32 billion during the same month.
According to SAMA's monthly bulletin, these sales were made through 58.6 million transactions.
E-commerce sales include Mada cards payment and purchase transactions through shopping websites and online applications, but do not include transactions made through Visa, MasterCard and other credit cards.
Sales Through Mada Cards (SAR bln) |
|||
Period |
2022 |
2023 |
Change |
January |
8.23 |
11.71 |
+42% |
February |
8.02 |
11.32 |
+41% |
March |
9.98 |
-- |
-- |
April |
10.26 |
-- |
-- |
May |
9.12 |
-- |
-- |
June |
10.40 |
-- |
-- |
July |
10.23 |
-- |
-- |
August |
11.28 |
-- |
-- |
September |
11.16 |
-- |
-- |
October |
10.90 |
-- |
-- |
November |
11.22 |
-- |
-- |
December |
11.86 |
-- |
-- |
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