Saudi point-of-sale spending rises 18% to $4.21bn

Saudi Point-of-Sale Spending Surges

POS spending in Saudi Arabia increased by 18%, reaching $4.21 billion.
This growth reflects a strong rebound in consumer activity and the continued shift toward cashless payments.

Digital payment adoption
- More consumers and businesses are using cards, mobile wallets, and contactless payments.
- Government initiatives promoting cashless transactions have accelerated this trend.
Economic recovery and consumer confidence
- Spending growth mirrors rising consumer confidence and higher disposable incomes.
- Retail, hospitality, and e-commerce sectors contributed significantly.
Tourism and events
- International visitors and local events boosted POS transactions in major cities.

For banks and fintechs: Opportunity to expand digital payment solutions and loyalty programs.
For retailers: Increased reliance on POS infrastructure and cashless systems.
For policymakers: Encourages continued investment in secure, efficient digital payment networks.