Point of Sell (POS)

Point-of-sale (POS) payments in Saudi Arabia saw a remarkable 11% yearly increase in January, reaching SR53.8 billion ($14.35 billion), per data from the Saudi Central Bank. This surge underscores the nation's commitment to digitalization and investments in a tech-driven future. The largest portion of POS spending was on beverages and food, followed by restaurants and cafes. Notably, spending on miscellaneous goods and services, utilities, hotels, and jewelry also saw significant growth. Saudi Arabia's Digital Government Authority is leading the charge in digitizing utility payments and improving government services through technology. Riyadh...