Riyadh - Sharikat Mubasher: Point of sale (PoS) activity in Saudi Arabia is witnessing significant growth as businesses increasingly adopt modern payment solutions to enhance customer experience and streamline operations.

In October, the number of PoS transactions reached 923 million, with sales amounting to more than SAR 55.7 billion, according to recent figures by the Saudi Central Bank (SAMA).

The number of PoS terminals slightly increased to 1.9 million in October from 1.8 million in September.

As for sectors, the food and beverages (F&B) sector secured the largest share of sales valued at SAR 8.8 billion across 230,882 transactions, trailed by the restaurants and cafés sector with sales worth SAR 8.3 billion. The health sector came third with PoS sales estimated at SAR 3.6 billion across 36,384 transactions.

Moreover, the value of e-commerce sales processed through Mada cards recorded SAR 18.3 billion in October across 100.8 million.