Saudi POS transactions up 11% in April

30/05/2017 Argaam Special

Point-of-sale (POS) transactions in Saudi Arabia rose 11 percent to SAR 16.5 billion in April from SAR 14.8 billion a year earlier, official figures from the Kingdom’s central bank showed.

 

Data showed that 55 million transactions were processed through nearly 295,000 points-of-sales in shopping malls, mega retail stores, and pharmacies.

 

POS Transactions (SAR bln)

Month

2016

2017

Variance

January

14.70

15.75

+7%

February

13.48

14.16

+5 %

March

15.36

16.31

+6 %

April

14.78

16.47

+11%

May

17.72

--

--

June

18.21

--

--

July

13.57

--

--

August

15.32

--

--

September

14.21

--

--

October

14.30

--

--

November

15.29

--

--

December

15.78

--

--

 

Cash withdrawals decreased by 3 percent year-on-year (YoY) to nearly SAR 60.03 billion across 18,000 ATMs in April. 

 

ATM Withdrawals (SAR bln)

Month

2016

2017

Variance

January

62.69

61.14

(2%)

February

59.82

54.87

(8%)

March

66.16

63.38

(4%)

April

61.78

60.03

(3%)

May

67.82

--

--

June

73.06

--

--

July

54.94

--

--

August

65.11

--

--

September

59.26

--

--

October

60.34

--

--

November

59.99

--

--

December

62.49

--

--

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