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 Saudi Payments: POS transactions hit 227 billion riyals during H1 2021- Saudi Payments: POS transactions hit 227 billion riyals during H1 2021
- August 11, 2021
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Saudi Payments operates under the supervision of the Central Bank of Saudi Arabia (SAMA), revealed achieving more than 2.2 billion Point of Sale (POS) transactions, valued at over 227 billion riyals during H1 of 2021.
According to results from the national payment scheme “mada”, near-field communication (NFC) payment transactions registered a record increase of 147% compared to H1 2020, with over 2.1 billion transactions valued at over 203 billion riyals, accounting for 94% of total POS transactions.
Results also pointed to an overall increase of 310% in payment transactions via smart devices, with over 724 million said transactions in H1 2021 at a total value surpassing 56 billion riyals, representing ove...
- View more at: https://www.1888pressrelease.com/saudi-payments-pos-transactions-hit-227-billion-riyals-duri-pr-695790.html
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