Saudi POS transactions up 9% in February

01/04/2018 Argaam Special

 

Point-of-sale (POS) transactions in Saudi Arabia rose 9 percent to SAR 15.4 billion in February from SAR 14.2 billion a year earlier, official figures from the Kingdom’s central bank showed.

 

Data showed that 67.7 million transactions were processed through nearly 310,000 points-of-sales in shopping malls, mega retail stores, and pharmacies.

 

POS Transactions (SAR bln)

Month

2017

2018

Variation

January

15.75

16.44

+4%

February

14.16

15.39

+9%

March

16.31

--

--

April

16.47

--

--

May

18.86

--

--

June

18.08

--

--

July

15.30

--

--

August

16.91

--

--

September

15.12

--

--

October

16.45

--

--

November

16.84

--

--

December

20.22

--

--

 

Cash withdrawals grew by 3 percent year-on-year (YoY) to nearly SAR 56.3 billion through 163.9 million transactions processed across 18,400 ATMs in February.

 

ATM Withdrawals (SAR bln)

Month

2017

2018

Variation

January

61.14

62.22

+2%

February

54.87

56.34

+3%

March

63.38

--

--

April

60.03

--

--

May

65.26

--

--

June

64.76

--

--

July

56.28

--

--

August

67.72

--

--

September

51.31

--

--

October

61.15

--

--

November

58.60

--

--

December

64.02

--

--

 

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