POS device
Consumer spending in Saudi Arabia increased 6% to SAR 120.6 billion in March 2023, from SAR 113.8 billion during the same month last year, according to the Saudi Central Bank's (SAMA) monthly bulletin.
Consumer spending includes total cash withdrawals, points-of-sale (POSs) transactions and e-commerce sales through "Mada", as the following table shows:
|
Consumer Spending (SAR bln) |
|||
|
Month |
2022 |
2023 |
Change |
|
January |
97.61 |
105.19 |
+8% |
|
February |
88.57 |
97.85 |
+10% |
|
March |
113.81 |
120.62 |
+6% |
|
April |
107.29 |
-- |
-- |
|
May |
93.22 |
-- |
-- |
|
June |
103.58 |
-- |
-- |
|
July |
102.97 |
-- |
-- |
|
August |
107.12 |
-- |
-- |
|
September |
103.99 |
-- |
-- |
|
October |
105.34 |
-- |
-- |
|
November |
103.29 |
-- |
-- |
|
December |
109.77 |
-- |
-- |
Data showed that 720.2 million transactions were processed through 1.58 million POS devices in March.
POS transactions represent what is spent by consumers using their ATM and credit cards in shopping malls, retail stores, pharmacies, etc.
The following table shows the development of POS transactions:
|
POS Transactions (SAR bln) |
|||
|
Month |
2022 |
2023 |
Change |
|
January |
43.56 |
48.33 |
+11% |
|
February |
38.88 |
44.80 |
+15% |
|
March |
51.00 |
55.41 |
+9% |
|
April |
49.44 |
-- |
-- |
|
May |
42.38 |
-- |
-- |
|
June |
45.97 |
-- |
-- |
|
July |
45.75 |
-- |
-- |
|
August |
49.67 |
-- |
-- |
|
September |
47.45 |
-- |
-- |
|
October |
47.66 |
-- |
-- |
|
November |
46.87 |
-- |
-- |
|
December |
50.51 |
-- |
-- |
These withdrawals were processed from 16,200 ATMs through 137.2 million transactions.
|
ATM Withdrawals (SAR bln) |
|||
|
Month |
2022 |
2023 |
Change |
|
January |
45.82 |
45.15 |
(1%) |
|
February |
41.67 |
41.74 |
+0.2% |
|
March |
52.83 |
51.70 |
(2%) |
|
April |
47.58 |
-- |
-- |
|
May |
41.73 |
-- |
-- |
|
June |
47.21 |
-- |
-- |
|
July |
46.99 |
-- |
-- |
|
August |
46.17 |
-- |
-- |
|
September |
45.38 |
-- |
-- |
|
October |
46.78 |
-- |
-- |
|
November |
45.19 |
-- |
-- |
|
December |
47.40 |
-- |
-- |
E-commerce sales through Mada cards increased 35% YoY to SAR 13.5 billion in March.
According to SAMA's monthly bulletin, these sales were made through 71.9 million transactions.
E-commerce sales include Mada cards payment and purchase transactions through shopping websites and online applications, but do not include transactions made through Visa, MasterCard and other credit cards.
|
Sales Through Mada Cards (SAR bln) |
|||
|
Period |
2022 |
2023 |
Change |
|
January |
8.23 |
11.71 |
+42% |
|
February |
8.02 |
11.32 |
+41% |
|
March |
9.98 |
13.50 |
+35% |
|
April |
10.26 |
-- |
-- |
|
May |
9.12 |
-- |
-- |
|
June |
10.40 |
-- |
-- |
|
July |
10.23 |
-- |
-- |
|
August |
11.28 |
-- |
-- |
|
September |
11.16 |
-- |
-- |
|
October |
10.90 |
-- |
-- |
|
November |
11.22 |
-- |
-- |
|
December |
11.86 |
-- |
-- |
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