Saudi Arabia’s point-of-sale and e-commerce payments reach $206bn in 2023

RIYADH: Saudi Arabia continued to embrace digital advancements in 2023, as both traditional point-of-sale systems and the e-commerce sector saw annual growth of 13 percent. The latest data release by the Kingdom’s central bank, also known as SAMA, showed the total value of e-commerce sales using Mada cards and point-of-sale transactions amounted to SR770.87 billion…

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