Consumer spending via POS transactions rises 13% to SAR 103.6 bln in June: SAMA

01/08/2022 Argaam Special
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Consumer spending in Saudi Arabia increased 13% to SAR 103.6 billion in June, from SAR 91.3 billion during the same month last year, according to the Saudi Central Bank's (SAMA) monthly bulletin.

 

Consumer spending includes total cash withdrawals, point-of-sale (POS) sales and e-commerce sales through “Mada”, as the following table shows:

 

Consumer Spending (SAR bln)

Month

2021

2022

Change

January

93.62

97.61

+4%

February

80.23

88.57

+10%

March

100.81

113.81

+13%

April

96.07

107.29

+12%

May

95.53

93.22

(2%)

June

91.33

103.58

+13%

July

93.42

--

--

August

94.65

--

--

September

92.71

--

--

October

94.75

--

--

November

95.02

--

--

December

101.36

--

--

 
 

POS transactions rose 19% year-on-year (YoY) to SAR 45.97 billion in June.

 

Data showed that a total of 605.02 million transactions were processed through 1.2 million POS devices in June.

 

POS transactions represent what is spent by consumers using their ATM cards and credit cards in shopping malls, retail stores, pharmacies, etc.

 

The following table shows the development of POS transactions:

 

POS Transactions (SAR bln)

Month

2021

2022

Change

January

37.27

43.56

+17%

February

31.05

38.88

+25%

March

40.84

51.00

+25%

April

39.17

49.44

+26%

May

40.27

42.38

+5%

June

38.70

45.97

+19%

July

38.85

--

--

August

40.97

--

--

September

40.00

--

--

October

40.47

--

--

November

41.28

--

--

December

44.37

--

--

 
 

Cash withdrawals saw an increase of 1% YoY to SAR 47.21 billion in June.

 

These withdrawals were processed through 16,400 ATMs and through 125.2 million transactions.

 

ATM Withdrawals (SAR bln)

Month

2021

2022

Change

January

51.97

45.82

(12%)

February

45.01

41.67

(7%)

March

54.66

52.83

(3%)

April

51.35

47.58

(7%)

May

49.52

41.73

(16%)

June

46.74

47.21

+1%

July

48.24

--

--

August

46.81

--

--

September

45.69

--

--

October

47.11

--

--

November

46.02

--

--

December

48.83

--

--

 
 
E-commerce sales through Mada cards increased 77% YoY to SAR 10.4 billion in June.

 

According to SAMA's monthly bulletin, these sales were made through 48.6 million transactions.

 

E-commerce sales include Mada cards payment and purchase transactions through shopping websites and online applications, but do not include transactions made through Visa, MasterCard and other credit cards.

 

Sales Through Mada Cards (SAR bln)

Period

2021

2022

Change

January

4.38

8.23

+88%

February

4.17

8.02

+92%

March

5.31

9.98

+88%

April

5.56

10.26

+85%

May

5.74

9.12

+59%

June

5.89

10.40

+77%

July

6.33

--

--

August

6.87

--

--

September

7.02

--

--

October

7.17

--

--

November

7.72

--

--

December

8.16

--

--

 
 

Details and Historical Data of Consumer Spending

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