In 2022, the average value of transactions conducted with point of sale (PoS) payments acquirers in Saudi Arabia was 55 Saudi riyals. This was the lowest recorded figure in the period between 2018 and 2022. Since 2018, the average value of transactions conducted through PoS payments acquirers steadily declined after starting from a peak of 146 SAR per transaction in that year.
Average transaction value with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022
(in 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). Average transaction value with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022 (in Saudi riyals) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1425627/saudi-arabia-average-value-transactions-pos-payments-acquirers/
Saudi Central Bank. "Average transaction value with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022 (in Saudi riyals)." Chart. September 4, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1425627/saudi-arabia-average-value-transactions-pos-payments-acquirers/
Saudi Central Bank. (2023). Average transaction value with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022 (in Saudi riyals). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1425627/saudi-arabia-average-value-transactions-pos-payments-acquirers/
Saudi Central Bank. "Average Transaction Value with Point of Sale (Pos) Payments Acquirers in Saudi Arabia from 2018 to 2022 (in Saudi Riyals)." Statista, Statista Inc., 4 Sep 2023, https://www.statista.com/statistics/1425627/saudi-arabia-average-value-transactions-pos-payments-acquirers/
Saudi Central Bank, Average transaction value with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022 (in Saudi riyals) Statista, https://www.statista.com/statistics/1425627/saudi-arabia-average-value-transactions-pos-payments-acquirers/ (last visited November 21, 2024)
Average transaction value with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022 (in Saudi riyals) [Graph], Saudi Central Bank, September 4, 2023. [Online]. Available: https://www.statista.com/statistics/1425627/saudi-arabia-average-value-transactions-pos-payments-acquirers/
