Total payments of “SADAD” during March hit SR 62.4 bln

Data issued by the Central Bank revealed that the amounts of SADAD system payments amounted to 62.38 billion riyals last March, compared to 54.51 billion riyals during March 2023, while they reached 64.57 billion riyals last February.

The monthly statistical bulletin issued by the bank stated that the amounts of invoices paid through “SADAD” amounted to 56.38 billion riyals last March, compared to 49.89 billion riyals in March 2023, and reached 58.32 billion last February, while invoices paid through other channels amounted to 5.99 billion riyals in March. In the past, compared to 4.61 billion riyals, it reached 6.24 billion riyals last February.

It said that the “SADAD” system payment amounts are distributed among 7 different economic sectors, as in the financial, insurance, and business services sector, they amounted to 9.713 billion riyals last March, compared to 6.61 billion in March 2023, while the total payments in the education services sector reached 52.02 million. riyals last March compared to 96.70 million riyals in March 2023, while in the government services sector it reached 41.52 billion riyals last March compared to 37.08 billion riyals in March 2023, while in the technology, media and entertainment sector it reached 44.75 million riyals last March compared to 53.11 million riyals in March 2023, adding that the total payments in the communications and utility services sector amounted to 10.21 billion riyals last March, compared to 10.16 billion riyals in March 2023, while in the transportation services sector it amounted to 209.95 million riyals last March, compared to 270.38 million riyals in March 2023, while it reached In the “Others” sector, 624.17 million riyals last March, compared to 301.16 million riyals in March 2023.

SAMA stated that the number of payments through the “SADAD” system amounted to 31.66 million transactions last March, compared to 29.75 million transactions in March 2023, while it reached 29.78 million transactions last February, pointing out that the number of transactions through the “Sadad” system amounted to 28.37 million transactions last year. Last March, compared to 27.53 million transactions in March 2023, while it reached 26.08 million transactions last February, indicating that the number of invoices paid through other channels reached 3.29 million transactions last March, compared to 2.22 million riyals in March 2023, while it reached 3.70 million transactions during Last February.

It indicated that the number of transactions in the financial, insurance, and business services sector reached 3.57 million transactions last March, compared to 2.25 million transactions in March 2023, while operations in the education services sector reached 74.11 thousand transactions last March, compared to 107.56 thousand transactions in March 2023, while In the government services sector, there were 8.40 million transactions last March, compared to 7.87 million transactions in March 2023, and operations in the technology, media and entertainment sector reached 146.14 thousand transactions last March, compared to 171.60 thousand transactions in March 2023, adding that the number of operations in the communications and Utility services reached 19.09 million transactions last March, compared to 18.97 million transactions in March 2023, while in the transportation services sector, they reached 155.26 thousand transactions last March, compared to 203.45 thousand transactions in March 2023, while the number of transactions in the “Others” sector reached 211.34 thousand transactions in Last March, compared to 163.45 thousand operations in March 2023.