Charge Cards in Saudi Arabia

December 2022
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Overview:

Understand the latest market trends and future growth opportunities for the Charge Card Transactions industry in Saudi Arabia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.

Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.

If you're in the Charge Card Transactions industry in Saudi Arabia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.

The Charge Card Transactions in Saudi Arabia report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volume and value sizes, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent research methodology, conducted in-country

This report answers:

  • What is the market size of Charge Card Transactions in Saudi Arabia?
  • What are the major trends key to understanding Charge Card Transactions in Saudi Arabia?
  • How has COVID-19, recession and macroeconomic volatility impacted the market?
  • How long will the market take to recover? What are the opportunities now?
  • How will political context and shifting cultural values shape future growth?
  • Where is future growth expected to be most dynamic?
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Charge Cards in Saudi Arabia - Category analysis

Charge Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

Charge cards continue to be a niche category in Saudi Arabia
Charge cards transactions value trends inversely proportional to volume as consumers cut back on high value purchases
American Express continues to be the sole player in charge cards
Debit and credit cards pose an ongoing hindrance for charge cards
Flexibility and adjustments needed amid evolving consumer demands
Travel interests serve as a lingering opportunity for charge cards
Table 1 Charge Cards: Number of Cards in Circulation 2017-2022
Table 2 Charge Cards Transactions 2017-2022
Table 3 Charge Cards in Circulation: % Growth 2017-2022
Table 4 Charge Cards Transactions: % Growth 2017-2022
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2017-2022
Table 6 Commercial Charge Cards Transactions 2017-2022
Table 7 Commercial Charge Cards in Circulation: % Growth 2017-2022
Table 8 Commercial Charge Cards Transactions: % Growth 2017-2022
Table 9 Personal Charge Cards: Number of Cards in Circulation 2017-2022
Table 10 Personal Charge Cards Transactions 2017-2022
Table 11 Personal Charge Cards in Circulation: % Growth 2017-2022
Table 12 Personal Charge Cards Transactions: % Growth 2017-2022
Table 13 Charge Cards: Number of Cards by Issuer 2017-2021
Table 14 Charge Cards: Number of Cards by Operator 2017-2021
Table 15 Charge Cards Payment Transaction Value by Issuer 2017-2021
Table 16 Charge Cards Payment Transaction Value by Operator 2017-2021
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2017-2021
Table 18 Commercial Charge Cards: Number of Cards by Operator 2017-2021
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2017-2021
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2017-2021
Table 21 Personal Charge Cards: Number of Cards by Issuer 2017-2021
Table 22 Personal Charge Cards: Number of Cards by Operator 2017-2021
Table 23 Personal Charge Cards Transaction Value by Issuer 2017-2021
Table 24 Personal Charge Cards Transaction Value by Operator 2017-2021
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2022-2027
Table 26 Forecast Charge Cards Transactions 2022-2027
Table 27 Forecast Charge Cards in Circulation: % Growth 2022-2027
Table 28 Forecast Charge Cards Transactions: % Growth 2022-2027
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2022-2027
Table 30 Forecast Commercial Charge Cards Transactions 2022-2027
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2022-2027
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2022-2027
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2022-2027
Table 34 Forecast Personal Charge Cards Transactions 2022-2027
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2022-2027
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2022-2027

Credit Cards in Saudi Arabia - Category analysis

Credit Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

Growth in credit cards supported by Shariah-compliant options, rewards, and cashback incentives
Buy Now Pay Later options continue to gain traction and will pose rising competition to credit cards
Shariah-compliant credit cards and relaxed bank policies needed to maintain growth
Shariah-integrated solutions to keep credit cards afloat over the forecast period
Buy Now Pay Later – a threat as well as a prospect
Mastercard attracts consumers with innovative, exclusive, and personalised payment options
Table 37 Credit Cards: Number of Cards in Circulation 2017-2022
Table 38 Credit Cards Transactions 2017-2022
Table 39 Credit Cards in Circulation: % Growth 2017-2022
Table 40 Credit Cards Transactions: % Growth 2017-2022
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 42 Commercial Credit Cards Transactions 2017-2022
Table 43 Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 44 Commercial Credit Cards Transactions: % Growth 2017-2022
Table 45 Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 46 Personal Credit Cards Transactions 2017-2022
Table 47 Personal Credit Cards in Circulation: % Growth 2017-2022
Table 48 Personal Credit Cards Transactions: % Growth 2017-2022
Table 49 Credit Cards: Number of Cards by Issuer 2017-2021
Table 50 Credit Cards: Number of Cards by Operator 2017-2021
Table 51 Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 52 Credit Cards Payment Transaction Value by Operator 2017-2021
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2017-2021
Table 54 Commercial Credit Cards: Number of Cards by Operator 2017-2021
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2017-2021
Table 57 Personal Credit Cards: Number of Cards by Issuer 2017-2021
Table 58 Personal Credit Cards: Number of Cards by Operator 2017-2021
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2017-2021
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2022-2027
Table 62 Forecast Credit Cards Transactions 2022-2027
Table 63 Forecast Credit Cards in Circulation: % Growth 2022-2027
Table 64 Forecast Credit Cards Transactions: % Growth 2022-2027
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2022-2027
Table 66 Forecast Commercial Credit Cards Transactions 2022-2027
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2022-2027
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2022-2027
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2022-2027
Table 70 Forecast Personal Credit Cards Transactions 2022-2027
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2022-2027
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2022-2027

Debit Cards in Saudi Arabia - Category analysis

Debit Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

Progression towards a cashless society, with debit cards the most popular
The mada card continues to provide strong support for the growth of debit cards
Higher levels of women and youth in employment lead to more widespread issuance of debit cards
Increase in consumer base expected to fuel growth of debit cards
mada partnerships will support growth in debit cards over the forecast period
Digitisation to open up new horizon of prospects
Table 73 Debit Cards: Number of Cards in Circulation 2017-2022
Table 74 Debit Cards Transactions 2017-2022
Table 75 Debit Cards in Circulation: % Growth 2017-2022
Table 76 Debit Cards Transactions: % Growth 2017-2022
Table 77 Debit Cards: Number of Cards by Issuer 2017-2021
Table 78 Debit Cards: Number of Cards by Operator 2017-2021
Table 79 Debit Cards Payment Transaction Value by Issuer 2017-2021
Table 80 Debit Cards Payment Transaction Value by Operator 2017-2021
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2022-2027
Table 82 Forecast Debit Cards Transactions 2022-2027
Table 83 Forecast Debit Cards in Circulation: % Growth 2022-2027
Table 84 Forecast Debit Cards Transactions: % Growth 2022-2027

Pre-Paid Cards in Saudi Arabia - Category analysis

Pre-Paid Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

Growth of payroll pre-paid cards, midst the switch to a cashless society
Pre-paid gift cards gain traction owing to the culture of gifting in the Kingdom
Banks give cashback incentives to make prepaid cards more appealing
Simplicity and convenience will support growth in pre-paid cards over the forecast period
Development of digital banking and emerging fintech platforms also set to support growth
Growing commitment to enhance transport industry expected to bring forth transport cards
Table 85 Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 86 Pre-paid Cards Transactions 2017-2022
Table 87 Pre-paid Cards in Circulation: % Growth 2017-2022
Table 88 Pre-paid Cards Transactions: % Growth 2017-2022
Table 89 Open Loop Pre-paid Cards Transactions 2017-2022
Table 90 Open Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 91 Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 92 Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 93 Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 94 Pre-paid Cards Transaction Value by Operator 2017-2021
Table 95 Open Loop Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 96 Open Loop Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 97 Open Loop Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 98 Open Loop Pre-paid Cards Transaction Value by Operator 2017-2021
Table 99 Forecast Pre-paid Cards: Number of Cards in Circulation 2022-2027
Table 100 Forecast Pre-paid Cards Transactions 2022-2027
Table 101 Forecast Pre-paid Cards in Circulation: % Growth 2022-2027
Table 102 Forecast Pre-paid Cards Transactions: % Growth 2022-2027
Table 103 Forecast Open Loop Pre-paid Cards Transactions 2022-2027
Table 104 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2022-2027

Store Cards in Saudi Arabia - Category analysis

Store Cards in Saudi Arabia - Company Profile

Financial Cards and Payments in Saudi Arabia - Industry Overview

Financial cards and payments in 2022: The big picture
2022 key trends
Increased card transactions over cash
Buy Now Pay Later continues to gain traction
Competitive landscape
The mada card continues to lead in payment technology
Saudi banks embrace digital future with more closures of brick-and-mortar branches
Approval for third digital bank in Saudi Arabia
Fintech firms facilitate cashless payments
What next for financial cards and payments?
Table 105 Number of POS Terminals: Units 2017-2022
Table 106 Number of ATMs: Units 2017-2022
Table 107 Value Lost to Fraud 2017-2022
Table 108 Card Expenditure by Location 2022
Table 109 Financial Cards in Circulation by Type: % Number of Cards 2017-2022
Table 110 Domestic versus Foreign Spend 2022
Table 111 Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 112 Financial Cards by Category: Number of Accounts 2017-2022
Table 113 Financial Cards Transactions by Category: Value 2017-2022
Table 114 Financial Cards by Category: Number of Transactions 2017-2022
Table 115 Commerical Payments by Category: Value 2017-2022
Table 116 Commercial Payments by Category: Number of Transactions 2017-2022
Table 117 Personal Payments by Category: Value 2017-2022
Table 118 Personal Payments by Category: Number of Transactions 2017-2022
Table 119 M-Commerce by Category: Value 2017-2022
Table 120 M-Commerce by Category: % Value Growth 2017-2022
Table 121 Financial Cards: Number of Cards by Issuer 2017-2021
Table 122 Financial Cards: Number of Cards by Operator 2017-2021
Table 123 Financial Cards: Card Payment Transactions Value by Operator 2017-2021
Table 124 Financial Cards: Card Payment Transactions Value by Issuer 2017-2021
Table 125 Forecast Financial Cards by Category: Number of Cards in Circulation 2022-2027
Table 126 Forecast Financial Cards by Category: Number of Accounts 2022-2027
Table 127 Forecast Financial Cards Transactions by Category: Value 2022-2027
Table 128 Forecast Financial Cards by Category: Number of Transactions 2022-2027
Table 129 Forecast Commercial Payments by Category: Value 2022-2027
Table 130 Forecast Commercial Payments by Category: Number of Transactions 2022-2027
Table 131 Forecast Personal Payments by Category: Value 2022-2027
Table 132 Forecast Personal Payments by Category: Number of Transactions 2022-2027
Table 133 Forecast M-Commerce by Category: Value 2022-2027
Table 134 Forecast M-Commerce by Category: % Value Growth 2022-2027

DISCLAIMER

Summary 1 Research Sources
The following categories and subcategories are included:

Charge Card Transactions

  • Commercial Charge Card Transactions
  • Personal Charge Card Transactions

Charge Card Transactions

A charge card (sometimes referred to as a Travel and Entertainment card) shares the “pay later” component with credit cards. However, charge card balances normally have to be paid off monthly and do not attract interest charges. Charge cards typically possess high (or even no) pre-set spending limits and may carry a high annual fee.

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This report originates from Passport, our Charge Card Transactions research and analysis database.

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