Financial Cards and Payments in Saudi Arabia - Industry Overview
Financial cards and payments in 2022: The big picture
Increased card transactions over cash
Buy Now Pay Later continues to gain traction
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 1 Number of POS Terminals: Units 2017-2022
Table 2 Number of ATMs: Units 2017-2022
Table 3 Value Lost to Fraud 2017-2022
Table 4 Card Expenditure by Location 2022
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2017-2022
Table 6 Domestic versus Foreign Spend 2022
Table 7 Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 8 Financial Cards by Category: Number of Accounts 2017-2022
Table 9 Financial Cards Transactions by Category: Value 2017-2022
Table 10 Financial Cards by Category: Number of Transactions 2017-2022
Table 11 Commerical Payments by Category: Value 2017-2022
Table 12 Commercial Payments by Category: Number of Transactions 2017-2022
Table 13 Personal Payments by Category: Value 2017-2022
Table 14 Personal Payments by Category: Number of Transactions 2017-2022
Table 15 M-Commerce by Category: Value 2017-2022
Table 16 M-Commerce by Category: % Value Growth 2017-2022
Table 17 Financial Cards: Number of Cards by Issuer 2017-2021
Table 18 Financial Cards: Number of Cards by Operator 2017-2021
Table 19 Financial Cards: Card Payment Transactions Value by Operator 2017-2021
Table 20 Financial Cards: Card Payment Transactions Value by Issuer 2017-2021
Table 21 Forecast Financial Cards by Category: Number of Cards in Circulation 2022-2027
Table 22 Forecast Financial Cards by Category: Number of Accounts 2022-2027
Table 23 Forecast Financial Cards Transactions by Category: Value 2022-2027
Table 24 Forecast Financial Cards by Category: Number of Transactions 2022-2027
Table 25 Forecast Commercial Payments by Category: Value 2022-2027
Table 26 Forecast Commercial Payments by Category: Number of Transactions 2022-2027
Table 27 Forecast Personal Payments by Category: Value 2022-2027
Table 28 Forecast Personal Payments by Category: Number of Transactions 2022-2027
Table 29 Forecast M-Commerce by Category: Value 2022-2027
Table 30 Forecast M-Commerce by Category: % Value Growth 2022-2027
Summary 1 Research Sources
Charge Cards in Saudi Arabia - Category analysis
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 31 Charge Cards: Number of Cards in Circulation 2017-2022
Table 32 Charge Cards Transactions 2017-2022
Table 33 Charge Cards in Circulation: % Growth 2017-2022
Table 34 Charge Cards Transactions: % Growth 2017-2022
Table 35 Commercial Charge Cards: Number of Cards in Circulation 2017-2022
Table 36 Commercial Charge Cards Transactions 2017-2022
Table 37 Commercial Charge Cards in Circulation: % Growth 2017-2022
Table 38 Commercial Charge Cards Transactions: % Growth 2017-2022
Table 39 Personal Charge Cards: Number of Cards in Circulation 2017-2022
Table 40 Personal Charge Cards Transactions 2017-2022
Table 41 Personal Charge Cards in Circulation: % Growth 2017-2022
Table 42 Personal Charge Cards Transactions: % Growth 2017-2022
Table 43 Charge Cards: Number of Cards by Issuer 2017-2021
Table 44 Charge Cards: Number of Cards by Operator 2017-2021
Table 45 Charge Cards Payment Transaction Value by Issuer 2017-2021
Table 46 Charge Cards Payment Transaction Value by Operator 2017-2021
Table 47 Commercial Charge Cards: Number of Cards by Issuer 2017-2021
Table 48 Commercial Charge Cards: Number of Cards by Operator 2017-2021
Table 49 Commercial Charge Cards Payment Transaction Value by Issuer 2017-2021
Table 50 Commercial Charge Cards Payment Transaction Value by Operator 2017-2021
Table 51 Personal Charge Cards: Number of Cards by Issuer 2017-2021
Table 52 Personal Charge Cards: Number of Cards by Operator 2017-2021
Table 53 Personal Charge Cards Transaction Value by Issuer 2017-2021
Table 54 Personal Charge Cards Transaction Value by Operator 2017-2021
Table 55 Forecast Charge Cards: Number of Cards in Circulation 2022-2027
Table 56 Forecast Charge Cards Transactions 2022-2027
Table 57 Forecast Charge Cards in Circulation: % Growth 2022-2027
Table 58 Forecast Charge Cards Transactions: % Growth 2022-2027
Table 59 Forecast Commercial Charge Cards: Number of Cards in Circulation 2022-2027
Table 60 Forecast Commercial Charge Cards Transactions 2022-2027
Table 61 Forecast Commercial Charge Cards in Circulation: % Growth 2022-2027
Table 62 Forecast Commercial Charge Cards Transactions: % Growth 2022-2027
Table 63 Forecast Personal Charge Cards: Number of Cards in Circulation 2022-2027
Table 64 Forecast Personal Charge Cards Transactions 2022-2027
Table 65 Forecast Personal Charge Cards in Circulation: % Growth 2022-2027
Table 66 Forecast Personal Charge Cards Transactions: % Growth 2022-2027
Credit Cards in Saudi Arabia - Category analysis
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 67 Credit Cards: Number of Cards in Circulation 2017-2022
Table 68 Credit Cards Transactions 2017-2022
Table 69 Credit Cards in Circulation: % Growth 2017-2022
Table 70 Credit Cards Transactions: % Growth 2017-2022
Table 71 Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 72 Commercial Credit Cards Transactions 2017-2022
Table 73 Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 74 Commercial Credit Cards Transactions: % Growth 2017-2022
Table 75 Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 76 Personal Credit Cards Transactions 2017-2022
Table 77 Personal Credit Cards in Circulation: % Growth 2017-2022
Table 78 Personal Credit Cards Transactions: % Growth 2017-2022
Table 79 Credit Cards: Number of Cards by Issuer 2017-2021
Table 80 Credit Cards: Number of Cards by Operator 2017-2021
Table 81 Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 82 Credit Cards Payment Transaction Value by Operator 2017-2021
Table 83 Commercial Credit Cards: Number of Cards by Issuer 2017-2021
Table 84 Commercial Credit Cards: Number of Cards by Operator 2017-2021
Table 85 Commercial Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 86 Commercial Credit Cards Payment Transaction Value by Operator 2017-2021
Table 87 Personal Credit Cards: Number of Cards by Issuer 2017-2021
Table 88 Personal Credit Cards: Number of Cards by Operator 2017-2021
Table 89 Personal Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 90 Personal Credit Cards Payment Transaction Value by Operator 2017-2021
Table 91 Forecast Credit Cards: Number of Cards in Circulation 2022-2027
Table 92 Forecast Credit Cards Transactions 2022-2027
Table 93 Forecast Credit Cards in Circulation: % Growth 2022-2027
Table 94 Forecast Credit Cards Transactions: % Growth 2022-2027
Table 95 Forecast Commercial Credit Cards: Number of Cards in Circulation 2022-2027
Table 96 Forecast Commercial Credit Cards Transactions 2022-2027
Table 97 Forecast Commercial Credit Cards in Circulation: % Growth 2022-2027
Table 98 Forecast Commercial Credit Cards Transactions: % Growth 2022-2027
Table 99 Forecast Personal Credit Cards: Number of Cards in Circulation 2022-2027
Table 100 Forecast Personal Credit Cards Transactions 2022-2027
Table 101 Forecast Personal Credit Cards in Circulation: % Growth 2022-2027
Table 102 Forecast Personal Credit Cards Transactions: % Growth 2022-2027
Debit Cards in Saudi Arabia - Category analysis
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 103 Debit Cards: Number of Cards in Circulation 2017-2022
Table 104 Debit Cards Transactions 2017-2022
Table 105 Debit Cards in Circulation: % Growth 2017-2022
Table 106 Debit Cards Transactions: % Growth 2017-2022
Table 107 Debit Cards: Number of Cards by Issuer 2017-2021
Table 108 Debit Cards: Number of Cards by Operator 2017-2021
Table 109 Debit Cards Payment Transaction Value by Issuer 2017-2021
Table 110 Debit Cards Payment Transaction Value by Operator 2017-2021
Table 111 Forecast Debit Cards: Number of Cards in Circulation 2022-2027
Table 112 Forecast Debit Cards Transactions 2022-2027
Table 113 Forecast Debit Cards in Circulation: % Growth 2022-2027
Table 114 Forecast Debit Cards Transactions: % Growth 2022-2027
Pre-Paid Cards in Saudi Arabia - Category analysis
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 115 Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 116 Pre-paid Cards Transactions 2017-2022
Table 117 Pre-paid Cards in Circulation: % Growth 2017-2022
Table 118 Pre-paid Cards Transactions: % Growth 2017-2022
Table 119 Open Loop Pre-paid Cards Transactions 2017-2022
Table 120 Open Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 121 Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 122 Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 123 Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 124 Pre-paid Cards Transaction Value by Operator 2017-2021
Table 125 Open Loop Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 126 Open Loop Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 127 Open Loop Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 128 Open Loop Pre-paid Cards Transaction Value by Operator 2017-2021
Table 129 Forecast Pre-paid Cards: Number of Cards in Circulation 2022-2027
Table 130 Forecast Pre-paid Cards Transactions 2022-2027
Table 131 Forecast Pre-paid Cards in Circulation: % Growth 2022-2027
Table 132 Forecast Pre-paid Cards Transactions: % Growth 2022-2027
Table 133 Forecast Open Loop Pre-paid Cards Transactions 2022-2027
Table 134 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2022-2027
Store Cards in Saudi Arabia - Category analysis