Riyadh - Sharikat Mubasher: The point-of-sale (PoS) market in Saudi Arabia is witnessing rapid growth, fueled by the shift from basic terminals to smart, integrated systems and cloud-based SaaS solutions.

The PoS transactions surpassed 1 trillion in October, with total sales amounting to over SAR 59.8 billion, according to recent figures by the Saudi Central Bank (SAMA).

SAMA’s monthly bulletin reported that the number of PoS terminals slightly increased to 2.3 million in October, compared to 2.2 million in September.

The food and beverages (F&B) sector captured the largest share of the PoS sales at SAR 9.5 billion, made through 238 million transactions, followed by the restaurants and cafés sector, which recorded PoS sales worth over SAR 7.3 billion.

On the other side, the number of e-commerce transactions made using Mada cards registered 170.8 million in October, with sales valued at SAR 30.7 billion.