Saudi POS transactions jump 14% in August

30/09/2018 Argaam Special

Point-of-sale (POS) transactions in Saudi Arabia rose 14 percent to SAR 19.2 billion in August from SAR 16.9 billion a year earlier, figures from the Saudi Arabian Monetary Authority (SAMA) showed.

Data showed that 86.9 million transactions were processed through nearly 332,800 points-of-sales in shopping malls, 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

19.54

+20%

April

16.47

19.40

+18%

May

18.86

23.06

+22%

June

18.08

19.30

+7%

July

15.30

19.18

+25%

August

16.91

19.20

+14%

September

15.12

--

--

October

16.45

--

--

November

16.84

--

--

December

20.22

--

--

Cash withdrawals declined 7 percent YoY to SAR 63.2 billion through 174 million transactions processed across 18,500 ATMs in August.

ATM Withdrawals (SAR bln)

Month

2017

2018

Variation

January

61.14

62.22

+2%

February

54.87

56.34

+3%

March

63.38

66.73

+5%

April

60.03

63.30

+5%

May

65.26

68.05

+4%

June

64.76

61.94

(4%)

July

56.28

63.42

+13%

August

67.72

63.16

(7%)

September

51.31

--

--

October

61.15

--

--

November

58.60

--

--

December

64.02

--

--


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