Saudi POS transactions up 5% in February

29/03/2017 Argaam Special

Point-of-sale (POS) transactions in Saudi Arabia rose 5 percent to SAR 14.2 billion in February from SAR 13.5 billion a year earlier, official figures from the kingdom’s central bank showed.

 

Data showed that 47 million transactions were processed through nearly 288,000 points-of-sales in shopping malls, mega retail stores, and pharmacies.

 

POS Transactions (SAR bln)

Month

2016

2017

Variance

January

14.70

15.74

+7 %

February

13.47

14.16

+5 %

March

15.35

--

--

April

14.77

--

--

May

17.71

--

--

June

18.20

--

--

July

13.56

--

--

August

15.31

--

--

September

14.20

--

--

October

14.29

--

--

November

15.28

--

--

December

15.77

--

--

 

Cash withdrawals decreased by 8 percent year-on-year to nearly SAR 54.9 billion across 18,000 ATMs in February.

 

ATM Withdrawals (SAR bln)

Month

2016

2017

Variance

January

62.69

61.16

(2%)

February

59.83

54.87

(8%)

March

66.17

--

--

April

61.79

--

--

May

67.85

--

--

June

73.09

--

--

July

54.96

--

--

August

65.14

--

--

September

59.29

--

--

October

60.37

--

--

November

60.01

--

--

December

62.51

--

--

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