Saudi POS transactions rise 35% in February 2020

31/03/2020 Argaam Special

 

Point-of-sale (POS) transactions in Saudi Arabia saw a 35% year-on-year (YoY) increase to SAR 25.9 billion in February 2020, figures from the Saudi Arabian Monetary Authority (SAMA) showed.

 

Data showed that 183.3 million transactions were processed through nearly 462,900 points-of-sales in shopping malls, retail stores, and pharmacies.

 

POS Transactions (SAR bln)

Month

2019

2020

Variation

January

21.38

28.53

+33%

February

19.24

25.93

+35%

March

23.43

--

--

April

24.13

--

--

May

27.82

--

--

June

20.73

--

--

July

22.77

--

--

August

22.56

--

--

September

24.37

--

--

October

25.12

--

--

November

25.85

--

--

December

27.93

--

--

 

Cash withdrawals rose 3% YoY to SAR 56.39 billion through 166.5 million transactions processed across 18,900 ATMs in February.

 

ATM Withdrawals (SAR bln)

Month

2019

2020

Variation

January

63.22

62.94

+2%

February

54.98

56.39

(0.4%)

March

65.32

--

+3%

April

62.63

--

--

May

72.25

--

--

June

54.39

--

--

July

63.15

--

--

August

59.65

--

--

September

59.22

--

--

October

62.61

--

--

November

59.56

--

--

December

63.66

--

--

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