In 2022, there were around 73,000 merchants registered with point of sale (PoS) payments acquirers in Saudi Arabia. This was more than double the number of merchants from the previous year, and the biggest single year increase between 2018 and 2022. During this period, the number of merchants registered with PoS payments acquirers consistently increased each year.
Total number of merchants registered with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022
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.
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Saudi Central Bank. (September 4, 2023). Total number of merchants registered with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022 [Graph]. In Statista. Retrieved February 16, 2025, from https://www.statista.com/statistics/1425597/saudi-arabia-number-merchants-registered-pos-payments-acquirers/?__sso_cookie_checker=failed
Saudi Central Bank. "Total number of merchants registered with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022." Chart. September 4, 2023. Statista. Accessed February 16, 2025. https://www.statista.com/statistics/1425597/saudi-arabia-number-merchants-registered-pos-payments-acquirers/?__sso_cookie_checker=failed
Saudi Central Bank. (2023). Total number of merchants registered with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022. Statista. Statista Inc.. Accessed: February 16, 2025. https://www.statista.com/statistics/1425597/saudi-arabia-number-merchants-registered-pos-payments-acquirers/?__sso_cookie_checker=failed
Saudi Central Bank. "Total Number of Merchants Registered with Point of Sale (Pos) Payments Acquirers in Saudi Arabia from 2018 to 2022." Statista, Statista Inc., 4 Sep 2023, https://www.statista.com/statistics/1425597/saudi-arabia-number-merchants-registered-pos-payments-acquirers/?__sso_cookie_checker=failed
Saudi Central Bank, Total number of merchants registered with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022 Statista, https://www.statista.com/statistics/1425597/saudi-arabia-number-merchants-registered-pos-payments-acquirers/?__sso_cookie_checker=failed (last visited February 16, 2025)
Total number of merchants registered with point of sale (PoS) payments acquirers in Saudi Arabia from 2018 to 2022 [Graph], Saudi Central Bank, September 4, 2023. [Online]. Available: https://www.statista.com/statistics/1425597/saudi-arabia-number-merchants-registered-pos-payments-acquirers/?__sso_cookie_checker=failed