Saudi POS transactions rise 27% in February 2019

31/03/2019 Argaam Special

Point-of-sale (POS) transactions in Saudi Arabia saw a 27 percent year-on-year (YoY) increase to SAR 19.5 billion in February, figures from the Saudi Arabian Monetary Authority (SAMA) show.

Data showed that 100.2 million transactions were processed through nearly 358,800 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

19.53

+ 27 %

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 declined 2 percent YoY to SAR 54.98 billion through 163.2 million transactions processed across 18,700 ATMs in February.

ATM Withdrawals (SAR bln)

Month

2018

2019

Variation

January

62.22

63.22

+2%

February

56.34

54.98

(2%)

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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