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  • 09-08-21

    Saudi Arabia makes 2.1B contactless transactions valued at USD54B in 6 months

    (MENAFN) In Saudi Arabia, the worth of contactless point-of-sales transactions in Saudi Arabia increased 147 percent in the January-June of 2021 from a year earlier as consumer held the utilization of smart devices in retail environments.

    government body Saudi Payments further declared that at least 2.1 billion contactless transactions worth SR203 billion (USD54 billion) were made in the six months at the end of June, showing 94 percent of all point-of-sale payments.

    The utilization of smart devices, such as mobile phones, to make payments rose by 310 percent to 724 million transactions worth SR56 billion, or 34 percent of all contactless payments.

    The shops accepting made e-commerce payment methods that consist of 450 percent number increased to 28,000 stores as the number of e-commerce transactions done applying the government platform increased 112 percent to 146 million for a worth of SR31 billion.

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