Mada says SAR 137 bln worth of POS transactions executed in H1 2019

The Saudi Payments Network (Mada), which connects all ATMs and point-of-sale (POS) terminals in the Kingdom, said in a statement that 688.4 million POS transactions were executed at a total value of SAR 136.7 billion in H1 2019. 

ATM transactions fell 6 percent year-on-year (YoY) to SAR 621 million in the six-month period. 

POS devices in the commercial sector increased by 11 percent YoY to 391,800 in June 2019.

The number of the POS-supported cards reached more than 14 million, or around 48 percent of the banking cards issued in the Kingdom.