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Debit Cards in Saudi Arabia

Publisher Euromonitor International
Published Mar 04, 2026
Length 25 Pages
SKU # EP20964442

Description

Debit cards continue to perform strongly in Saudi Arabia in 2025, supported by government initiatives promoting a cashless society, expanding payment infrastructure, and rising consumer preference for secure, debt-free payment methods. The growing penetration of contactless payments, widespread acceptance of Mada-enabled cards, and increasing integration with mobile wallets are further reinforcing debit cards as the primary digital payment method. In addition, strong growth in e-commerce...

Euromonitor International's Debit Card Transactions in Saudi Arabia report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Commercial Debit Card Transactions, Personal Debit Card Transactions.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Debit Card Transactions market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

25 Pages
Debit Cards in Saudi Arabia
Euromonitor International
March 2026
List Of Contents And Tables
DEBIT CARDS IN SAUDI ARABIA
KEY DATA FINDINGS
2025 DEVELOPMENTS
Government initiatives boost demand
INDUSTRY PERFORMANCE
Debit cards in circulation increase as inflation remains moderate and digital payments expand
Mada network and e-commerce expansion support strong debit card transaction growth
WHAT’S NEXT?
Debit card usage set to increase further as Saudi Arabia accelerates transition to cashless economy
Younger consumers and SME adoption support continued debit card growth
Alternative payment methods and digital wallets may moderate long-term debit card growth
COMPETITIVE LANDSCAPE
Mada remains the dominant operator of debit cards in Saudi Arabia
Major banks strengthen debit card penetration through Mada-linked offerings
SNB leads in scale while Alinma Bank stands out for innovation and digital capabilities
Mada continues to drive innovation and shape the debit card ecosystem
CATEGORY DATA
Table 1 Debit Cards: Number of Cards in Circulation 2020-2025
Table 2 Debit Cards Transactions 2020-2025
Table 3 Debit Cards in Circulation: % Growth 2020-2025
Table 4 Debit Cards Transactions: % Growth 2020-2025
Table 5 Debit Cards: Number of Cards by Issuer 2020-2024
Table 6 Debit Cards: Number of Cards by Operator 2020-2024
Table 7 Debit Cards Payment Transaction Value by Issuer 2020-2024
Table 8 Debit Cards Payment Transaction Value by Operator 2020-2024
Table 9 Forecast Debit Cards: Number of Cards in Circulation 2025-2030
Table 10 Forecast Debit Cards Transactions 2025-2030
Table 11 Forecast Debit Cards in Circulation: % Growth 2025-2030
Table 12 Forecast Debit Cards Transactions: % Growth 2025-2030
COUNTRY REPORTS DISCLAIMER
FINANCIAL CARDS AND PAYMENTS IN SAUDI ARABIA
EXECUTIVE SUMMARY
Digital developments and e-commerce fuel growth
KEY DATA FINDINGS
INDUSTRY PERFORMANCE
Saudi Arabia accelerates transition towards a cashless economy
BNPL services reshape consumer spending behaviour
Digital banks transform the financial services landscape
Mobile wallets accelerate shift to cashless payments
WHAT’S NEXT?
Financial cards set to benefit from fintech expansion and digital adoption
COMPETITIVE LANDSCAPE
Al Rajhi Bank strengthens position through partnerships and co-branded card launches
Mastercard enhances cyber security and strengthens digital payment ecosystem
Saudi National Bank and Arab National Bank expand partnerships to accelerate payment innovation
Visa and neoleap expand digital payment solutions and SME financial services
Digital wallets and new digital banks accelerate shift towards cashless economy
MARKET INDICATORS
Table 13 Number of POS Terminals: Units 2020-2025
Table 14 Number of ATMs: Units 2020-2025
Table 15 Value Lost to Fraud 2020-2025
Table 16 Card Expenditure by Location 2025
Table 17 Financial Cards in Circulation by Type: % Number of Cards 2020-2025
Table 18 Domestic versus Foreign Spend 2025
MARKET DATA
Table 19 Financial Cards by Category: Number of Cards in Circulation 2020-2025
Table 20 Financial Cards by Category: Number of Accounts 2020-2025
Table 21 Financial Cards Transactions by Category: Value 2020-2025
Table 22 Financial Cards by Category: Number of Transactions 2020-2025
Table 23 Consumer Payments by Category: Value 2020-2025
Table 24 Consumer Payments by Category: Number of Transactions 2020-2025
Table 25 M-Commerce by Category: Value 2020-2025
Table 26 M-Commerce by Category: % Value Growth 2020-2025
Table 27 Financial Cards: Number of Cards by Issuer 2020-2024
Table 28 Financial Cards: Number of Cards by Operator 2020-2024
Table 29 Financial Cards: Card Payment Transactions Value by Operator 2020-2024
Table 30 Financial Cards: Card Payment Transactions Value by Issuer 2020-2024
Table 31 Forecast Financial Cards by Category: Number of Cards in Circulation 2025-2030
Table 32 Forecast Financial Cards by Category: Number of Accounts 2025-2030
Table 33 Forecast Financial Cards Transactions by Category: Value 2025-2030
Table 34 Forecast Financial Cards by Category: Number of Transactions 2025-2030
Table 35 Forecast Consumer Payments by Category: Value 2025-2030
Table 36 Forecast Consumer Payments by Category: Number of Transactions 2025-2030
Table 37 Forecast M-Commerce by Category: Value 2025-2030
Table 38 Forecast M-Commerce by Category: % Value Growth 2025-2030
COUNTRY REPORTS DISCLAIMER
SOURCES
Summary 1 Research Sources

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