Saudi Arabia: value of transactions with PoS payments acquirers 2022

In 2022, the total value transactions conducted with point of sale (PoS) payments acquirers in Saudi Arabia stood at 13 billion Saudi ryals. This was more than double the total transaction value of the previous year, and the biggest single year total in the four year period between 2018 and 2022.

Total value of transactions with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022 (in million Saudi riyals)

Characteristic	Value of transactions in million Saudi riyals
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Release date

September 2023

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Region

Saudi Arabia, MENA

Survey time period

2018 to 2022

Supplementary notes

Payment acquirers help businesses integrate with local payment networks, in this case MADA. Thus, merchants are able to accept payments through a variety of facilities such as PoS payment systems, online payment gateways, ATM withdrawals, and more.
1 SAR (Saudi riyals) equals approximately 0.27 U.S, dollars and 0.25 euros (as of November 2023).

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