RIYADH: Point of sale transactions in Saudi Arabia reached SR15.6 billion ($4.16 billion) in the week ending Aug. 2, representing a 31.5 percent weekly rise, driven by increased spending across all sectors.
According to the latest data released by the Saudi Central Bank, also known as SAMA, the number of transactions also witnessed a weekly increase of 18.2 percent to reach 244.03 million.
The sustained spending momentum highlights consumer confidence and the ongoing digital transformation of payments, driven by initiatives under the Kingdom’s Vision 2030 strategy.
The food and beverage category remained the largest in value at SR2.34 billion, marking a significant 38.2 percent increase compared to the previous seven days.
Spending at restaurants and cafes also increased by 22.8 percent to SR1.90 billion.
