Amazon Special Report:
Carrying a wallet in the Kingdom of Saudi Arabia to buy life supplies has become a path of futility, with more than 353 thousand points of sale in addition to nearly 19 thousand ATMs.
A survey conducted by Namazin based on SAMA data revealed that the value of Saudis' purchases through points of sale amounted to 1.68 trillion Saudi riyals, equivalent to about 448 billion US dollars, since 1993. .POS transactions represent what consumers spend on ATM and credit cards at major shopping malls, retail stores, etc.
The Saudi Mada Payment Network, affiliated with the Saudi Arabian Monetary Agency, was established in 1990 to connect all ATMs and points of sale throughout the Kingdom with a central payment network.
These purchases came through about 4.5 billion transactions through points of sale, through about 354 thousand devices, divided into regions of the Kingdom.
which means that for almost every 100 people a POS device is a very large number compared to other countries.
the highest in its history
The number of transactions executed through points of sale in the Kingdom in January 2019 reached 107.39 million operations, which is the highest rate of operations in the history of points of sale, which indicates the extent of the increase in awareness of The Saudis' importance of using technology in their lives year after year.
These operations came through 354 thousand devices, and total sales during January 21.66 billion riyals, compared to 16.4 billion riyals during the same month in the previous year.
46% annual growth
The number of operations increased in 2018 to 1.03 billion operations, compared to 707.12 million operations in 2017, an increase of 45.7%.
In 2018, the value of purchases through points of sale reached 232.3 billion riyals, compared to 200.5 billion riyals for the year 2017, an increase of about 16%.
Total purchases during the fourth quarter of 2018 amounted to 61.5 billion riyals, compared to about 53.5 billion riyals in the same period in 2017.
The total number of operations in the fourth quarter of last year recorded 301.25 million operations, through 351.6 thousand devices, compared to 202.4 million operations through 303.5 thousand devices, in the fourth quarter of 2017.
cross the 100 million mark
Operations across points of sale crossed the 100 million mark, for the first time in December of 2018, to reach about 107 million transactions.
Total sales rose in ...
