POS device
Consumer spending in Saudi Arabia increased 15% to SAR 107.4 billion in May 2023, from SAR 93.2 billion during the same month last year, according to the Saudi Central Bank's (SAMA) monthly bulletin.
Consumer spending includes total cash withdrawals, points-of-sale (POSs) transactions and e-commerce sales through "Mada", as the following table shows:
|
Consumer Spending (SAR bln) |
|||
|
Month |
2022 |
2023 |
Change |
|
January |
97.61 |
105.19 |
+8% |
|
February |
88.57 |
97.85 |
+10% |
|
March |
113.81 |
120.62 |
+6% |
|
April |
107.29 |
111.51 |
+4% |
|
May |
93.22 |
107.43 |
+15% |
|
June |
103.58 |
-- |
-- |
|
July |
102.97 |
-- |
-- |
|
August |
107.12 |
-- |
-- |
|
September |
103.99 |
-- |
-- |
|
October |
105.34 |
-- |
-- |
|
November |
103.29 |
-- |
-- |
|
December |
109.77 |
-- |
-- |
POS transactions rose 18% year-on-year (YoY) to SAR 49.8 billion in May.
Data showed that 752.2 million transactions were processed through 1.57 million POS devices in May.
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 |
55.41 |
+9% |
|
April |
49.44 |
51.57 |
+4% |
|
May |
42.38 |
49.80 |
+18% |
|
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 rise of 8% YoY to SAR 44.9 billion in May.
These withdrawals were processed from 16,100 ATMs through 129.5 million transactions.
|
ATM Withdrawals (SAR bln) |
|||
|
Month |
2022 |
2023 |
Change |
|
January |
45.82 |
45.15 |
(1%) |
|
February |
41.67 |
41.74 |
+0.2% |
|
March |
52.83 |
51.70 |
(2%) |
|
April |
47.58 |
47.32 |
(1%) |
|
May |
41.73 |
44.93 |
+8% |
|
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 39% YoY to SAR 12.7 billion in May. These sales were through 70.8 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 |
13.50 |
+35% |
|
April |
10.26 |
12.63 |
+23% |
|
May |
9.12 |
12.71 |
+39% |
|
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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