Point of sale transactions total QR7.56bn in April

DOHA: The Point of Sale (PoS) transactions in Qatar have risen in April of this year. POS transactions were valued at QR7.56bn in April 2024 compared...

DOHA: The Point of Sale (PoS) transactions in Qatar have risen in April of this year. POS transactions were valued at QR7.56bn in April 2024 compared to QR7.24bn in April 2023 and QR5.79bn in April 2022 showing a surge of 4.5 percent and 31 percent respectively, Qatar Central Bank (QCB) data revealed yesterday.

The volume of PoS transactions stood at 32.19 million in April this year, while it was 28.03 million in April last year and 19.62 million in April 2022, an increase of 15 percent and 64 percent respectively.

The number of PoS devices in Qatar totalled 71,568 in April this year compared with 65,010 in April 2023 and 23,850 in April 2022, QCB data further noted.

PoS solution provides innovative, secure, and highly efficient payment processing services as it supports contactless card transactions, eWallet, mobile PoS (mPOS), QR code scanner, and online billing and settlement.

Recently, QCB launched the innovative instant payment service Fawran which aims to develop a digital payment ecosystem in the country.