Special Report - (Namazone):
The purchases of Saudis and residents, through points of sale, have witnessed a growing demand in recent years, in light of the rise in the commercial mobility in Saudi Arabia, and the permanent endeavors to boost electronic payment and reduce the cache.
A statistic revealed to (Namazone), based on SAMA data, that the total value of purchases through points of sale in Saudi Arabia amounted to about 1.96 trillion riyals since the year 1993 m.
These purchases came through about 6.2 billion transactions across points of sale, through about 438.6 thousand devices, divided into regions of the Kingdom.
POS transactions represent what consumers spend on ATM cards and credit cards at major 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. p>
2019
Purchases through points of sale in 2019 alone reached about 285.3 billion riyals, compared to 232.3 billion riyals for the year 2018, an increase of 18.6%.
The number of operations increased during the year 2019, to about 1.6 billion operations, compared to 1.03 billion operations, an increase of 56.5%.
Total purchases during the fourth quarter of 2019 were about 79 billion riyals, compared to about 69.7 billion riyals in the same quarter of 2018.
Total operations recorded in the fourth quarter of last year 515.47 million operations, through 438.6 thousand devices, compared to 410.58 million operations through 407.15 thousand devices, in the fourth quarter of the previous year.
Total sales in December 2019 rose to 27.93 billion riyals, compared to 22.32 billion riyals in the same month in 2018, an increase of 25.1%.
Monthly sales recorded their highest level in a month during 2019, last December, and the second highest was purchases in May 2019, which amounted to 27.8 billion riyals. < / p>
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