Riyadh – Mubasher: Point of sale (POS) terminals in Saudi Arabia grew by 33.88% yearly in July 2020, reaching SAR 31.51 billion from SAR 23.54 billion in the year-ago month.

The number of transactions through POS jumped 102.5% year-on-year (YoY) last month to 268.3 million, whilst the number of devices used hiked by 38.23% YoY to 558,760, according to data from the Saudi Arabian Monetary Authority (SAMA).

Monthly, POS sales volume retreated by 14.87% when compared to June’s level at SAR 37 billion whereas the number of transactions went up 21.5%.

Food and beverages dominated SAR 5.11 billion on POS purchases, followed by restaurants and cafes with SAR 3.9 billion.

In the first half (H1) of 2020, POS sales witnessed a 14% annual growth, equivalent to SAR 19.15 billion.