ATM
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 |
-- |
-- |
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 |
-- |
-- |
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