Saudi Arabia’s point-of-sale transactions grow 11% to reach $14.35bn in January

Saudi Arabia’s point-of-sale transactions grow 11% to reach $14.35bn in January

RIYADH: Point-of-sale payments in Saudi Arabia recorded an 11 percent annual increase in January to reach SR53.8 billion ($14.35 billion), the latest data issued by the Saudi Central Bank showed.

The surge in POS payments reflects the Kingdom’s commitment to digitalization and investments in a tech-driven future. Saudi Arabia is taking several measures to foster sustainable cities and a robust digital economy embraced by a tech-savvy population. Saudi Arabia’s point-of-sale transactions grow 11% to reach $14.35bn in January