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Country Report

Debit Transactions in

Debit Cards in Saudi Arabia

Dec 2020

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

COVID-19 accelerates the shift away from cash boosting debit card transactions

Debit card transactions continued to see positive growth in 2020, although at slightly slower rates compared to the previous year as consumers were more cautious in their spending as a consequence of the economic impact of COVID-19. For purchases, consumers in Saudi Arabia are demonstrating an increasing preference for using their Mada-enabled debit cards for making smaller value transactions instead of using cash.

Online and contactless payments by debit card surge

At the beginning of 2020, the Saudi financial sector was already headed in a more digitally focused direction, which equipped it to meet the challenges of the COVID-19 crisis. Since the Saudi Arabian Monetary Authority (SAMA) enabled debit card transactions to be cleared by the Saudi Payments Network (Mada), digital payments have been boosted in the kingdom, partly due to greater use of debit card payments on online platforms, as seen in the leap in the value share of cardholder not present debit card transactions.

Technological advancements continue to shake the former dominance of cash

In volume terms in 2020, cash continued to dominate the number of transactions made in Saudi Arabia, and thus remained the leading consumer payment transactions mechanism, although still continuing to decline. However, cash is dwindling in terms of its minor value share of overall transactions in Saudi Arabia.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Debit Transactions industry in Saudi Arabia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Debit Transactions industry in Saudi Arabia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Debit Transactions in Saudi Arabia market research report includes:

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

Our market research reports answer questions such as:

What is the market size of Debit Transactions in Saudi Arabia?
What are the major operators and issuers in Saudi Arabia?
What is the current state and expected evolution of consumer payment preference?
What payment instrument offers the highest growth potential?
What strategies and positioning have consumer finance companies utilized to win in the market?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Debit Transactions in Saudi Arabia, originate from our database within our Consumer Finance market share and market size database.

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Charge Cards in Saudi Arabia - Category analysis

Charge Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Decline continues in charge cards as consumers favour debit and credit cards

COVID-19 travel restrictions accelerate the decline in charge cards

American Express remains the sole operator of charge cards in Saudi Arabia

RECOVERY AND OPPORTUNITIES

Decline in charge cards set to continue

Lack of innovation will be detrimental to charge cards even amid economic recovery

Increased competition from other financial cards is expected to lose consumers’ interest in charge cards

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2015-2020
Table 2 Charge Cards Transactions 2015-2020
Table 3 Charge Cards in Circulation: % Growth 2015-2020
Table 4 Charge Cards Transactions: % Growth 2015-2020
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2015-2020
Table 6 Commercial Charge Cards Transactions 2015-2020
Table 7 Commercial Charge Cards in Circulation: % Growth 2015-2020
Table 8 Commercial Charge Cards Transactions: % Growth 2015-2020
Table 9 Personal Charge Cards: Number of Cards in Circulation 2015-2020
Table 10 Personal Charge Cards Transactions 2015-2020
Table 11 Personal Charge Cards in Circulation: % Growth 2015-2020
Table 12 Personal Charge Cards Transactions: % Growth 2015-2020
Table 13 Charge Cards: Number of Cards by Issuer 2015-2019
Table 14 Charge Cards: Number of Cards by Operator 2015-2019
Table 15 Charge Cards Payment Transaction Value by Issuer 2015-2019
Table 16 Charge Cards Payment Transaction Value by Operator 2015-2019
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2015-2019
Table 18 Commercial Charge Cards: Number of Cards by Operator 2015-2019
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2015-2019
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2015-2019
Table 21 Personal Charge Cards: Number of Cards by Issuer 2015-2019
Table 22 Personal Charge Cards: Number of Cards by Operator 2015-2019
Table 23 Personal Charge Cards Transaction Value by Issuer 2015-2019
Table 24 Personal Charge Cards Transaction Value by Operator 2015-2019
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2020-2025
Table 26 Forecast Charge Cards Transactions 2020-2025
Table 27 Forecast Charge Cards in Circulation: % Growth 2020-2025
Table 28 Forecast Charge Cards Transactions: % Growth 2020-2025
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2020-2025
Table 30 Forecast Commercial Charge Cards Transactions 2020-2025
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2020-2025
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2020-2025
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2020-2025
Table 34 Forecast Personal Charge Cards Transactions 2020-2025
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2020-2025
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2020-2025

Credit Cards in Saudi Arabia - Category analysis

Credit Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Credit card payments increase as COVID-19 negatively impacts the use of cash

Credit cards still lag behind debit cards but are increasingly used for small transactions

Online use of credit cards surges as a result of COVID-19

RECOVERY AND OPPORTUNITIES

Growth expected for credit cards over the forecast period

Growth of credit cards to be overshadowed by debit cards

Consolidation expected in the competitive landscape

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2015-2020
Table 38 Credit Cards Transactions 2015-2020
Table 39 Credit Cards in Circulation: % Growth 2015-2020
Table 40 Credit Cards Transactions: % Growth 2015-2020
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2015-2020
Table 42 Commercial Credit Cards Transactions 2015-2020
Table 43 Commercial Credit Cards in Circulation: % Growth 2015-2020
Table 44 Commercial Credit Cards Transactions: % Growth 2015-2020
Table 45 Personal Credit Cards: Number of Cards in Circulation 2015-2020
Table 46 Personal Credit Cards Transactions 2015-2020
Table 47 Personal Credit Cards in Circulation: % Growth 2015-2020
Table 48 Personal Credit Cards Transactions: % Growth 2015-2020
Table 49 Credit Cards: Number of Cards by Issuer 2015-2019
Table 50 Credit Cards: Number of Cards by Operator 2015-2019
Table 51 Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 52 Credit Cards Payment Transaction Value by Operator 2015-2019
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2015-2019
Table 54 Commercial Credit Cards: Number of Cards by Operator 2015-2019
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2015-2019
Table 57 Personal Credit Cards: Number of Cards by Issuer 2015-2019
Table 58 Personal Credit Cards: Number of Cards by Operator 2015-2019
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2015-2019
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2020-2025
Table 62 Forecast Credit Cards Transactions 2020-2025
Table 63 Forecast Credit Cards in Circulation: % Growth 2020-2025
Table 64 Forecast Credit Cards Transactions: % Growth 2020-2025
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2020-2025
Table 66 Forecast Commercial Credit Cards Transactions 2020-2025
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2020-2025
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2020-2025
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025
Table 70 Forecast Personal Credit Cards Transactions 2020-2025
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2020-2025

Debit Cards in Saudi Arabia - Category analysis

Debit Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

COVID-19 accelerates the shift away from cash boosting debit card transactions

Online and contactless payments by debit card surge

Technological advancements continue to shake the former dominance of cash

RECOVERY AND OPPORTUNITIES

Increased debit card usage expected in the forecast period supported by contactless technology

Volume transactions set to decline in 2021 following the expat exodus

COVID-19 will drive ongoing growth in contactless and remote debit payments

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2015-2020
Table 74 Debit Cards Transactions 2015-2020
Table 75 Debit Cards in Circulation: % Growth 2015-2020
Table 76 Debit Cards Transactions: % Growth 2015-2020
Table 77 Debit Cards: Number of Cards by Issuer 2015-2019
Table 78 Debit Cards: Number of Cards by Operator 2015-2019
Table 79 Debit Cards Payment Transaction Value by Issuer 2015-2019
Table 80 Debit Cards Payment Transaction Value by Operator 2015-2019
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2020-2025
Table 82 Forecast Debit Cards Transactions 2020-2025
Table 83 Forecast Debit Cards in Circulation: % Growth 2020-2025
Table 84 Forecast Debit Cards Transactions: % Growth 2020-2025

Pre-Paid Cards in Saudi Arabia - Category analysis

Pre-Paid Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Saudisation has a negative impact on pre-paid cards in 2020

Al Rajhi Bank continues to lead pre-paid cards by constantly upgrading its services

Visa continues to dominate pre-paid cards due to its high level of services for customers

RECOVERY AND OPPORTUNITIES

Pre-paid cards expected to return to growth path but not immediately

Network branded gift cards and travel cards are expected to return to strong growth

New types of pre-paid cards expected to emerge

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2015-2020
Table 86 Pre-paid Cards Transactions 2015-2020
Table 87 Pre-paid Cards in Circulation: % Growth 2015-2020
Table 88 Pre-paid Cards Transactions: % Growth 2015-2020
Table 89 Open Loop Pre-paid Cards Transactions 2015-2020
Table 90 Open Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 91 Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 92 Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 93 Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 94 Pre-paid Cards Transaction Value by Operator 2015-2019
Table 95 Open Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 96 Open Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 97 Open Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 98 Open Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 99 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025
Table 100 Forecast Pre-paid Cards Transactions 2020-2025
Table 101 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025
Table 102 Forecast Pre-paid Cards Transactions: % Growth 2020-2025
Table 103 Forecast Open Loop Pre-paid Cards Transactions 2020-2025
Table 104 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025

Store Cards in Saudi Arabia - Category analysis

Store Cards in Saudi Arabia - Company Profile

2020 IMPACT

Financial Cards and Payments in Saudi Arabia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments

COVID-19 country impact

Electronic payments rise strongly

Measures by SAMA and investment in digital infrastructure enable safer and more socially distanced consumer spending

Consolidation looms among issuers while operators and digital wallets form partnerships

What next for consumer payments?

MARKET INDICATORS

Table 105 Number of POS Terminals: Units 2015-2020
Table 106 Number of ATMs: Units 2015-2020
Table 107 Value Lost to Fraud 2015-2020
Table 108 Card Expenditure by Location 2020
Table 109 Financial Cards in Circulation by Type: % Number of Cards 2015-2020
Table 110 Domestic versus Foreign Spend 2020

MARKET DATA

Table 111 Financial Cards by Category: Number of Cards in Circulation 2015-2020
Table 112 Financial Cards by Category: Number of Accounts 2015-2020
Table 113 Financial Cards Transactions by Category: Value 2015-2020
Table 114 Financial Cards by Category: Number of Transactions 2015-2020
Table 115 Consumer Payments by Category: Value 2015-2020
Table 116 Consumer Payments by Category: Number of Transactions 2015-2020
Table 117 M-Commerce by Category: Value 2015-2020
Table 118 M-Commerce by Category: % Value Growth 2015-2020
Table 119 Financial Cards: Number of Cards by Issuer 2015-2019
Table 120 Financial Cards: Number of Cards by Operator 2015-2019
Table 121 Financial Cards: Card Payment Transactions Value by Operator 2015-2019
Table 122 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019
Table 123 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025
Table 124 Forecast Financial Cards by Category: Number of Accounts 2020-2025
Table 125 Forecast Financial Cards Transactions by Category: Value 2020-2025
Table 126 Forecast Financial Cards by Category: Number of Transactions 2020-2025
Table 127 Forecast Consumer Payments by Category: Value 2020-2025
Table 128 Forecast Consumer Payments by Category: Number of Transactions 2020-2025
Table 129 Forecast M-Commerce by Category: Value 2020-2025
Table 130 Forecast M-Commerce by Category: % Value Growth 2020-2025

Megatrends

Country Report

Debit Cards in Saudi Arabia

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

COVID-19 accelerates the shift away from cash boosting debit card transactions

Online and contactless payments by debit card surge

Technological advancements continue to shake the former dominance of cash

Overview

Why buy this report?

SAMPLES

Delivery Method

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in Saudi Arabia - Category analysis

Charge Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Decline continues in charge cards as consumers favour debit and credit cards

COVID-19 travel restrictions accelerate the decline in charge cards

American Express remains the sole operator of charge cards in Saudi Arabia

RECOVERY AND OPPORTUNITIES

Decline in charge cards set to continue

Lack of innovation will be detrimental to charge cards even amid economic recovery

Increased competition from other financial cards is expected to lose consumers’ interest in charge cards

CATEGORY DATA

Credit Cards in Saudi Arabia - Category analysis

Credit Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Credit card payments increase as COVID-19 negatively impacts the use of cash

Credit cards still lag behind debit cards but are increasingly used for small transactions

Online use of credit cards surges as a result of COVID-19

RECOVERY AND OPPORTUNITIES

Growth expected for credit cards over the forecast period

Growth of credit cards to be overshadowed by debit cards

Consolidation expected in the competitive landscape

CATEGORY DATA

Debit Cards in Saudi Arabia - Category analysis

Debit Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

COVID-19 accelerates the shift away from cash boosting debit card transactions

Online and contactless payments by debit card surge

Technological advancements continue to shake the former dominance of cash

RECOVERY AND OPPORTUNITIES

Increased debit card usage expected in the forecast period supported by contactless technology

Volume transactions set to decline in 2021 following the expat exodus

COVID-19 will drive ongoing growth in contactless and remote debit payments

CATEGORY DATA

Pre-Paid Cards in Saudi Arabia - Category analysis

Pre-Paid Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Saudisation has a negative impact on pre-paid cards in 2020

Al Rajhi Bank continues to lead pre-paid cards by constantly upgrading its services

Visa continues to dominate pre-paid cards due to its high level of services for customers

RECOVERY AND OPPORTUNITIES

Pre-paid cards expected to return to growth path but not immediately

Network branded gift cards and travel cards are expected to return to strong growth

New types of pre-paid cards expected to emerge

CATEGORY DATA

Store Cards in Saudi Arabia - Category analysis

Store Cards in Saudi Arabia - Company Profile

2020 IMPACT

Financial Cards and Payments in Saudi Arabia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments

COVID-19 country impact

Electronic payments rise strongly

Measures by SAMA and investment in digital infrastructure enable safer and more socially distanced consumer spending

Consolidation looms among issuers while operators and digital wallets form partnerships

What next for consumer payments?

MARKET INDICATORS

MARKET DATA

DISCLAIMER