Riyadh – Mubasher: Credit card transactions in Saudi Arabia declined by 25% year-on-year (YoY) in November to SAR 1.27 billion, compared with SAR 1.71 billion for the same month last year.

This follows an 18.7% and 28.3% consecutive YoY declines in September and October 2019, respectively, as shown by the data of the Saudi Arabian Monetary Authority (SAMA).

Meanwhile, points of sale (POS) sales increased by 30% to SAR 25.85 billion last month.