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Saudi Arabia Fintech Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2025-2034)

Publisher Expert Market Research
Published Jun 30, 2025
Length 104 Pages
SKU # EMAR20154637

Description

The Saudi Arabia fintech market size reached approximately USD 39.91 Billion in 2024 . The market is assessed to grow at a CAGR of 13.70% between 2025 and 2034 to attain a value of around USD 144.11 Billion by 2034 .

Key Trends in the Market

Fintech, variously known as financial technology, refers to the integration of different technologies into financial processes and services. It supports businesses and consumers to improve their financial operations. Fintech is revolutionising the investment, banking, and insurance sectors while enhancing consumers’ access to various financial services.
  • Some Saudi Arabia fintech market trends include advanced technology infrastructure in the country, the rising accessibility to cloud services and 5G network, and the growing demand for financial services, such as asset management, investments, and insurance, among others.
  • Saudi Arabia boasts a high number of various investors such as venture capitalists and ranks high on ease of doing business index and liberalised business regulations. Such factors, coupled with rapid digital transformation and rising foreign direct investments in fintech start-ups, are aiding the Saudi Arabia fintech market demand.
  • The Saudi Arabian government has also introduced various initiatives to build a technology-driven economy and create a cashless ecosystem. It has developed organisations such as Saudi Fintech to support fintech initiatives and encourage the use of fintech solutions by small and medium-sized enterprises.
  • Advancements in technologies like blockchain, hyper-automation, the Internet of things (IoT), artificial intelligence, and cloud computing, among others, are expected to revolutionise the Saudi Arabia fintech market growth in the forecast period. Such technologies can enhance the productivity of fintech firms, surge client engagement, automate various tasks, and improve the efficiency of various services.
Market Segmentation

The Expert Market Research's report titled “Saudi Arabia Fintech Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:

Market Breakup by Deployment Mode
  • On-premises
  • Cloud
Market Breakup by Technology
  • Application Programming Interface (API)
  • Artificial Intelligence
  • Blockchain
  • Robotic Process Automation
  • Data Analytics
  • Others
Market Breakup by Application
  • Banking
  • Trading
  • Taxation
  • Insurance
  • Others
Market Share by Application

As per the Saudi Arabia fintech market analysis, banking accounts for a significant market share due to the increasing number of smartphone payment transactions. Banks, government agencies, and corporations, among others, are also attempting to develop various fintech banking services such as lending, e-wallets, and financial transactions.

With the surging demand for enhanced convenience and accessibility among consumers, banks are increasingly deploying fintech solutions to provide seamless online services such as EMIs and bill payments, among others.

Market Share by Technology

APIs, also known as application programming interfaces, represent a major portion of the Saudi Arabia fintech market share. Fintech firms use APIs to develop new services and facilitate data exchange and sharing between different software to offer a comfortable experience to users. They also play an important role in the development of payment-processing solutions while automating processes like data governance and compliance checks.

Competitive Landscape

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia fintech market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

Raqamyah Crowdfunding

Raqamyah Crowdfunding, established in 2017, is a company that uses innovative technologies to connect SMEs seeking affordable and fast finance with financers. The company also supports financers to earn attractive returns, and its crowdlending financing platform is licensed by the Saudi Central Bank.

Sure Global Tech

Sure Global Tech is a company that provides various solutions in the field of information security and technology. Established in 2004, it is one of the largest Saudi Arabian providers of consultative and technical solutions for both private and public enterprises. Through its new company SurePay, the company forayed into the fintech business.

Saudi Digital Payment Company

Saudi Digital Payment Company is a fintech company that is engaged in the development of interoperable and secure national payment infrastructure. The company aims to create a digital economy by leveraging innovative technologies and providing secure and innovative digital financial services.

Other Saudi Arabia fintech market players include Salfa, SkyBand, Nakhla Information Systems Technology Company (Tamara), HyperPay Inc., PayTabs Group, and Halalah Trading Company, among others.

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Table of Contents

104 Pages
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Fintech Market Overview
5.1 Key Industry Highlights
5.2 Global Fintech Historical Market (2018-2024)
5.3 Global Fintech Market Forecast (2025-2034)
5.4 Global Fintech Market Share by Region
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 Saudi Arabia Fintech Market Overview
6.1 Key Industry Highlights
6.2 Saudi Arabia Fintech Historical Market (2018-2024)
6.3 Saudi Arabia Fintech Market Forecast (2025-2034)
7 Saudi Arabia Fintech Market by Deployment Mode
7.1 On-premises
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Cloud
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
8 Saudi Arabia Fintech Market by Technology
8.1 Application Programming Interface (API)
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Artificial Intelligence
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Blockchain
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 Robotic Process Automation
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Data Analytics
8.5.1 Historical Trend (2018-2024)
8.5.2 Forecast Trend (2025-2034)
8.6 Others
9 Saudi Arabia Fintech Market by Application
9.1 Banking
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Trading
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Taxation
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Insurance
9.4.1 Historical Trend (2018-2024)
9.4.2 Forecast Trend (2025-2034)
9.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Supplier Selection
11.2 Key Global Players
11.3 Key Regional Players
11.4 Key Player Strategies
11.5 Company Profiles
11.5.1 Raqamyah Crowdfunding
11.5.1.1 Company Overview
11.5.1.2 Product Portfolio
11.5.1.3 Demographic Reach and Achievements
11.5.1.4 Certifications
11.5.2 Sure Global Tech
11.5.2.1 Company Overview
11.5.2.2 Product Portfolio
11.5.2.3 Demographic Reach and Achievements
11.5.2.4 Certifications
11.5.3 Salfa
11.5.3.1 Company Overview
11.5.3.2 Product Portfolio
11.5.3.3 Demographic Reach and Achievements
11.5.3.4 Certifications
11.5.4 SkyBand
11.5.4.1 Company Overview
11.5.4.2 Product Portfolio
11.5.4.3 Demographic Reach and Achievements
11.5.4.4 Certifications
11.5.5 Nakhla Information Systems Technology Company (Tamara)
11.5.5.1 Company Overview
11.5.5.2 Product Portfolio
11.5.5.3 Demographic Reach and Achievements
11.5.5.4 Certifications
11.5.6 Saudi Digital Payment Company
11.5.6.1 Company Overview
11.5.6.2 Product Portfolio
11.5.6.3 Demographic Reach and Achievements
11.5.6.4 Certifications
11.5.7 HyperPay Inc.
11.5.7.1 Company Overview
11.5.7.2 Product Portfolio
11.5.7.3 Demographic Reach and Achievements
11.5.7.4 Certifications
11.5.8 PayTabs Group
11.5.8.1 Company Overview
11.5.8.2 Product Portfolio
11.5.8.3 Demographic Reach and Achievements
11.5.8.4 Certifications
11.5.9 Halalah Trading Company
11.5.9.1 Company Overview
11.5.9.2 Product Portfolio
11.5.9.3 Demographic Reach and Achievements
11.5.9.4 Certifications
11.5.10 Others

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