Saudi Arabia’s point-of-sale transactions grow 11% to reach $14.35bn in January
- Date: 24-Mar-2024
- Source: Arab News
- Sector:Financial Services
- Country:Saudi Arabia
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