Saudi POS Transactions Stay Above $3 Billion, Hotel Spending Rises
Point-of-sale (POS) transactions in Saudi Arabia continue to exceed $3 billion, according to recent financial data.
Key Highlights
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High transaction volume: Electronic payments remain strong, reflecting ongoing adoption of digital payment methods across the country.
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Increase in hotel spending: Tourism and hospitality sectors are seeing growth, with more card payments recorded at hotels and resorts.
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Broader trend: This supports Saudi Arabia’s shift toward a cashless economy, in line with Vision 2030’s digital transformation initiatives.
Summary
POS usage in Saudi Arabia remains robust, signaling positive momentum for the hospitality and tourism sectors. It highlights the country’s ongoing digital payment adoption and contribution to economic growth.
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