Electronic Payment Device
The point-of-sale (POS) transactions rose by 3% to SAR 9.42 billion in the week ending June 5, 2021, from SAR 9.17 billion in the previous week, data issued by the Saudi Central Bank (SAMA) showed.
Data showed that a total of 102.4 million transactions were processed in the week ending June 5, the highest since the start of monitoring weekly POS operations in May 2020.
POS transactions represent what is spent by consumers using their ATM cards and credit cards in shopping malls, retail stores, pharmacies, etc.
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Weekly POS Transactions |
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|
Week |
No. of transactions (‘000) |
Transactions’ value (SAR mln) |
Variation in Value |
|
Jan. 3- 9 |
81579 |
8516.5 |
(21%) |
|
Jan. 10- 16 |
81146 |
8184.2 |
(4%) |
|
Jan. 17- 23 |
72492 |
7509.7 |
(8%) |
|
Jan. 24-30 |
85085 |
9302.2 |
+24% |
|
Jan. 31- Feb. 6 |
83184 |
8555.9 |
(8%) |
|
Feb. 7-13 |
78653 |
7631.0 |
(11%) |
|
Feb. 14-20 |
75594 |
7188.2 |
(6%) |
|
Feb. 21-27 |
74531 |
7341.8 |
+2% |
|
Feb. 28- March 6 |
91204 |
9879.4 |
+35% |
|
March 7-13 |
87814 |
8548.6 |
(13%) |
|
March 14-20 |
86005 |
8458.2 |
(1%) |
|
March 21-27 |
86553 |
8820.9 |
+4% |
|
March 28- April 3 |
101622 |
11375.0 |
+29% |
|
April 4-10 |
96104 |
10043.1 |
(12%) |
|
April 11-17 |
81624 |
8196.8 |
(18%) |
|
April 18-24 |
72190 |
7315.1 |
(11%) |
|
April 25- May 1 |
91781 |
10731.1 |
+47% |
|
May 2-8 |
94300 |
10877.5 |
+1% |
|
May 9-15 |
90900 |
8621.7 |
(21%) |
|
May 16-22 |
82211 |
7054.1 |
(18%) |
|
May 23-29 |
96535 |
9168.3 |
+30% |
|
May 30- June 5 |
102397 |
9422.2 |
+3% |
The POS transactions of most sectors grew during the week ending June 5, led by the education sector, which rose by 13% through sales of SAR 79 million, followed by clothes & footwear with an 11% increase.
On the other hand, hotels sector saw a 32% decline in POS to SAR 130 million, while food & beverages dropped by 3%.
Consumer spending focused on food & beverages sector during the same week, valued at nearly SAR 1.44 billion, followed by restaurants & cafes sector with SAR 1.34 billion and the miscellaneous goods & services sector with SAR 898.7 million.
|
POS Transactions by Sector in Week Ending June 5 (SAR mln) |
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|
Sector |
Transactions’ value Ending May 29 |
Transactions’ value Ending June 5 |
Weekly variation |
|
Education |
69.7 |
79.0 |
+13% |
|
Clothes and footwear |
583.6 |
645.3 |
+11% |
|
Miscellaneous goods & services |
823.5 |
898.7 |
+9% |
|
Jewelry |
226.5 |
244.0 |
+8% |
|
Furniture |
307.6 |
328.4 |
+7% |
|
Restaurants & Cafes |
1271.1 |
1343.9 |
+6% |
|
Electronics and electric appliances |
297.1 |
308.4 |
+4% |
|
Healthcare |
731.7 |
762.5 |
+4% |
|
Public Utilities |
84.6 |
88.3 |
+4% |
|
Fuel stations |
544.6 |
553.0 |
+2% |
|
Recreation & Culture |
257.7 |
262.9 |
+2% |
|
Construction materials |
388.9 |
391.6 |
+1% |
|
Telecommunications |
103.9 |
105.4 |
+1% |
|
Transport |
571.8 |
573.9 |
+0.4% |
|
Food & Beverages |
1487.8 |
1442.1 |
(3%) |
|
Hotels |
191.8 |
129.9 |
(32%) |
|
Other |
1226.3 |
1264.8 |
+3% |
|
Total |
9168.3 |
9422.2 |
+3% |
Riyadh topped the POS transactions by cities in terms of value with nearly SAR 2.92 billion, representing 31% of the total sales. Jeddah came second with over SAR 1.46 billion.
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POS Transactions by Cities in Week Ending June 5 (SAR mln) |
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|
City |
Transactions’ value week ending May 29 |
Transactions’ value week ending June 5 |
Weekly variation |
|
Riyadh |
2768.1 |
2915.3 |
+5% |
|
Jeddah |
1439.2 |
1455.4 |
+1% |
|
Dammam |
483.0 |
510.4 |
+6% |
|
Al Madinah |
330.1 |
344.5 |
+4% |
|
Al Khobar |
322.1 |
343.4 |
+7% |
|
Makkah |
280.6 |
292.1 |
+4% |
|
Buraydah |
231.3 |
235.9 |
+2% |
|
Abha |
157.9 |
172.2 |
+9% |
|
Tabuk |
171.9 |
169.5 |
(0.5%) |
|
Hail |
160.7 |
159.9 |
(1%) |
|
Other cities |
2823.4 |
2823.4 |
-- |
|
Total |
9168.3 |
9422.2 |
+3% |
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