Cashless payments on the rise in Bahrain – News of Bahrain- DT News

Cashless payments on the rise in Bahrain – News of Bahrain- DT News

The restaurant sector recorded the highest number of transactions compared to the remaining sectors as it recorded 7,252,555 transactions.. Supermarket market sector followed with 5,321,483 transactions, department stores with 4,575,939 transactions, and clothing and footwear 2,779,167 transactions and government services 1,872,024 transactions, respectively.. The number of POS transactions through credit and debit cards increased from 64,473,725 transactions in 2018 to 73,679,645 transactions in 2019, i.e. 9,205,920 transactions or 14.3 per_cent.. Credit, debit cards The data showed that the value of POS transactions through credit and debit cards increased from BD 1,977,214,256 in 2018 to BD2,434,395,681 in 2019, i.e. at a value of BD 457,181,425, or 23.1pc, of which the transactions of cards issued in Bahrain accounted for 77.1pc of them.. The number of POS terminals increased from 35,010 at the end of 2018 to 40,262 at the end of 2019, an increase of 15.0pc.. The total amounts transferred through Fawri increased from BD11.2 billion in 2018 to BD12.7 billion in 2019, an increase of 13.4pc.. The total amounts transferred through Fawateer also increased from BD133.1m in 2018 to BD291.4m in 2019, an increase of 118.9pc.. The number of digital wallet transactions has increased by 566.7pc from 1.2m in 2018 to