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Saudi Arabia Cards and Payments: Opportunities and Risks to 2029

Publisher GlobalData
Published Jun 04, 2025
Length 86 Pages
SKU # GBDT20168043

Description

Saudi Arabia Cards and Payments: Opportunities and Risks to 2029

Summary

GlobalData’s ‘Saudi ArabiaCards and Payments: Opportunities and Risks to 2029' report provides detailed analysis of market trends in the Saudi cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, card, credit transfer, direct debits, and cheques during the review-period (2021-25e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2025e-29f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

GlobalData’s ‘Saudi Arabia Cards and Payments: Opportunities and Risks to 2029' report provides top-level market analysis, information and insights into the Saudi cards and payments industry, including -
  • Current and forecast values for each market in the Saudi cards and payments industry, including debit, credit and charge cards.
  • Detailed insights into payment instruments including cash, card, credit transfer, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
  • Ecommerce market analysis.
  • Analysis of various market drivers and regulations governing the Saudi cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape of the Saudi cards and payments industry.
Key Highlights
  • Saudi Arabia is a regional pioneer in the adoption of contactless payments. Its position has been driven by the introduction of mada POS-supporting NFC payments (also known as mada atheer payments) by the national payment scheme mada, as well as the launch of contactless payments for public transport. In February 2025, the Royal Commission for Riyadh City introduced Apple Pay’s Express Transit mode for fare payments on the Riyadh Metro and Bus networks. This functionality allows commuters to seamlessly pay fares at metro and bus entry gates using their iPhone or Apple Watch.
  • Aligned with its Vision 2030 strategy, the government has launched initiatives to support ecommerce growth. In August 2024, the General Authority for Small and Medium Enterprises (Monsha’at) organized E-commerce Week to familiarize entrepreneurs with the importance of ecommerce and its impact on SMEs. Monsha’at collaborated with government and private entities to host the event in Riyadh, Madinah, Jeddah, and Al-Khobar. The main objective was to facilitate communication and the exchange of experiences among entrepreneurs, experts, and relevant government entities via workshops, entrepreneurial meetings, consultations, and guidance sessions with specialists and experts from various fields.
  • Buoyed by the growing ecommerce market, the adoption of BNPL solutions is steadily increasing in Saudi Arabia. BNPL firms are raising significant funding and expanding their offerings to strengthen their presence in the country. In February 2025, the BNPL and financial services provider Tabby raised Saudi riyal (SAR) 600 million ($160 million) in a series E financing round led by the existing investors Blue Pool Capital and Hassana Investment Company, as well as the new investors STV and Wellington Management. The funding valued the company at SAR12.4 billion ($3.3 billion). As of February 2025, Tabby had more than 15 million registered users and partnered with over 40,000 merchants.
Scope
  • Card market size in terms of number of cards, value and volume of transactions in Saudi Arabia along with detailed card segmentation of debit, credit and charge cards available in the country.
  • Market sizing and analysis of major payment instruments including cash, card, credit transfer, direct debits, and cheques.
  • Payment market trends and growth for both historical and forecast period
  • Competitor analysis with detailed insights into leading card issuers and schemes.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • A detailed snapshot of country's key alternative payment brands.
Reasons to Buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to the Saudi cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Saudi cards and payments industry.
  • Assess the competitive dynamics in the Saudi cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Saudi Arabia.
  • Gain insights into key regulations governing the Saudi cards and payments industry.

Table of Contents

86 Pages
  • Executive Summary
    • Saudi Arabia: Key facts, 2025e
    • Saudi Arabia: Benchmarking of payment cards, 2025e
    • Instant Payments
    • Payment Cards: Market Sizing and Forecasting
    • Payment Cards: Market by Product and Service Type
    • Debit Cards: Market Sizing and Forecasting
    • Debit Cards: Schemes
    • Debit Cards: Issuers
    • Credit and Charge Cards: Market Sizing and Forecasting
    • Credit and Charge Cards: Schemes
    • Credit and Charge Cards: Issuers
    • Credit Card Debt
    • Prepaid Cards: Market Sizing and Forecasting
    • Contactless Cards: Card Holding
    • Ecommerce: Market Sizing and Forecasting
    • Ecommerce: Market by Products and Services
    • Ecommerce: Market by Payment Tool
    • In-Store Payments: Market by Payment Tools
    • In-Store Payments: Market by Products and Services
    • Buy Now Pay Later: Online Purchasing
    • Mobile Proximity Payments
  • P2P Payments
  • Bill Payments
    • Alternative Payments: Payment Solutions
  • Payment Innovations
  • Job Analysis
    • POS Terminals and ATMs
    • Regulatory Environment
    • Saudi Arabia: payment instrument transaction values (SAR billion), 2021-29f
    • Saudi Arabia: payment instrument transaction values ($ billion), 2021-29f
    • Saudi Arabia: payment instrument transaction volumes (millions), 2021-29f
    • Saudi Arabia: payment cards in circulation by type (millions), 2021-29f
    • Saudi Arabia: volume of payment card transactions (millions), 2021-29f
    • Saudi Arabia: value of payment card transactions (SAR billion), 2021-29f
    • Saudi Arabia: value of payment card transactions ($ billion), 2021-29f
    • Saudi Arabia: debit cards in circulation (millions), 2021-29f
    • Saudi Arabia: debit card transaction volumes, 2021-29f
    • Saudi Arabia: debit card transaction values (SAR), 2021-29f
    • Saudi Arabia: debit card transaction values ($), 2021-29f
    • Saudi Arabia: debit cards in circulation by scheme (millions), 2021-25e
    • Saudi Arabia: debit card transaction values by scheme (SAR billion), 2021-25e
    • Saudi Arabia: debit card transaction values by scheme ($ billion), 2021-25e
    • Saudi Arabia: debit cards in circulation by issuer (000s), 2021-25e
    • Saudi Arabia: debit cards transaction value by issuer (SAR billion), 2021-25e
    • Saudi Arabia: debit cards transaction value by issuer ($ billion), 2021-25e
    • Saudi Arabia: credit and charge cards in circulation (millions), 2021-29f
    • Saudi Arabia: credit and charge card transaction volumes, 2021-29f
    • Saudi Arabia: credit and charge card transaction values (SAR), 2021-29f
    • Saudi Arabia: credit and charge card transaction values ($), 2021-29f
    • Saudi Arabia: credit and charge cards in circulation by scheme (000s), 2021-25e
    • Saudi Arabia: credit and charge card transaction values by scheme (SAR billion), 2021-25e
    • Saudi Arabia: credit and charge card transaction values by scheme ($ billion), 2021-25e
    • Saudi Arabia: credit and charge cards in circulation by issuer (000s), 2021-25e
    • Saudi Arabia: credit and charge cards transaction value by issuer (SAR billion), 2021-25e
    • Saudi Arabia: credit and charge cards transaction value by issuer ($ billion), 2021-25e
    • Saudi Arabia: credit cards in circulation (millions), 2021-29f
    • Saudi Arabia: credit card transaction volumes, 2021-29f
    • Saudi Arabia: credit card transaction values (SAR), 2021-29f
    • Saudi Arabia: credit card transaction values ($), 2021-29f
    • Saudi Arabia: credit cards in circulation by scheme (millions), 2021-25e
    • Saudi Arabia: credit card transaction values by scheme (SAR billion), 2021-25e
    • Saudi Arabia: credit card transaction values by scheme ($ billion), 2021-25e
    • Saudi Arabia: charge cards in circulation (000s), 2021-29f
    • Saudi Arabia: charge card transaction volumes, 2021-29f
    • Saudi Arabia: charge card transaction values (SAR), 2021-29f
    • Saudi Arabia: charge card transaction values ($), 2021-29f
    • Saudi Arabia: charge cards in circulation by scheme (000s), 2021-25e
    • Saudi Arabia: charge card transaction values by scheme (SAR million), 2021-25e
    • Saudi Arabia: charge card transaction values by scheme ($ million), 2021-25e
    • Saudi Arabia: prepaid card transaction values (SAR billion), 2021-29f
    • Saudi Arabia: prepaid card transaction values ($ billion), 2021-29f
    • Saudi Arabia: prepaid cards in circulation (millions), 2021-29f
    • Survey sample across countries

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