RIYADH: Saudi Arabia’s point-of-sale transactions stood at SR13.33 billion ($3.55 billion) in the week ending April 11, driven by sustained spending in the food and beverages sector, official data showed.
The segment remained the largest contributor to POS spending despite an 11.4 percent weekly drop, with transactions totaling SR2.16 billion, according to data from the Saudi Central Bank, also known as SAMA.
The steady momentum of POS transactions in the Kingdom underscores resilient consumer activity and the ongoing shift toward digital payments, supported by the Vision 2030 reform initiative, even as overall transaction values softened week on week.
According to the report, the total number of POS transactions stood at 242.78 million, representing a marginal weekly decline of 1.5 percent.
The total value of POS transactions in Saudi Arabia also saw a drop of 9.1 percent, primarily due to a 25.8 percent fall in spending for education.
