In 2022, the total value transactions conducted with point of sale (PoS) payments acquirers in Saudi Arabia stood at 13 billion Saudi ryals. This was more than double the total transaction value of the previous year, and the biggest single year total in the four year period between 2018 and 2022.
Total value of transactions with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022
(in million Saudi riyals)
Payment acquirers help businesses integrate with local payment networks, in this case MADA. Thus, merchants are able to accept payments through a variety of facilities such as PoS payment systems, online payment gateways, ATM withdrawals, and more.
1 SAR (Saudi riyals) equals approximately 0.27 U.S, dollars and 0.25 euros (as of November 2023).
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Saudi Central Bank. (September 4, 2023). Total value of transactions with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022 (in million Saudi riyals) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1425619/saudi-arabia-total-value-transactions-pos-payments-acquirers/
Saudi Central Bank. "Total value of transactions with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022 (in million Saudi riyals)." Chart. September 4, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1425619/saudi-arabia-total-value-transactions-pos-payments-acquirers/
Saudi Central Bank. (2023). Total value of transactions with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022 (in million Saudi riyals). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1425619/saudi-arabia-total-value-transactions-pos-payments-acquirers/
Saudi Central Bank. "Total Value of Transactions with Point of Sale (Pos) Payments Acquirers in Saudi Arabia from 2018 to 2022 (in Million Saudi Riyals)." Statista, Statista Inc., 4 Sep 2023, https://www.statista.com/statistics/1425619/saudi-arabia-total-value-transactions-pos-payments-acquirers/
Saudi Central Bank, Total value of transactions with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022 (in million Saudi riyals) Statista, https://www.statista.com/statistics/1425619/saudi-arabia-total-value-transactions-pos-payments-acquirers/ (last visited November 21, 2024)
Total value of transactions with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022 (in million Saudi riyals) [Graph], Saudi Central Bank, September 4, 2023. [Online]. Available: https://www.statista.com/statistics/1425619/saudi-arabia-total-value-transactions-pos-payments-acquirers/
