Saudi POS transactions rise 32% in January 2019

03/03/2019 Argaam Special

Point-of-sale (POS) transactions in Saudi Arabia jumped 32 percent year-on-year (YoY) to SAR 21.66 billion in January 2019, figures from the Saudi Arabian Monetary Authority (SAMA) show.

Data showed that 107.4 million transactions were processed through nearly 353,900 points-of-sales in shopping malls, retail stores, and pharmacies.

POS Transactions (SAR bln)

Month

2018

2019

Variation

January

16.44

21.66

+32%

February

15.39

--

March

19.54

--

April

19.40

--

May

23.06

--

June

19.30

--

July

19.18

--

August

19.20

--

September

19.31

--

October

19.30

--

November

19.87

--

December

22.33

--

--

Cash withdrawals grew by 2 percent YoY to SAR 63.2 billion through 182.2 million transactions processed across 18,700 ATMs in January.

ATM Withdrawals (SAR bln)

Month

2018

2019

Variation

January

62.22

63.22

+2%

February

56.34

--

March

66.73

--

April

63.30

--

May

68.05

--

June

61.94

--

July

63.42

--

August

63.16

--

September

57.62

--

October

62.05

--

November

59.62

--

December

63.86

--


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