Financial Cards and Payments in Saudi Arabia

Description

Owing to the Saudi Vision 2030, Saudi Arabia had already been taking steps to transform into a cashless society, even before the COVID-19 pandemic hit. With the pandemic measures greatly supporting this cause, Saudi Arabia has witnessed significant progression in digital payments, as a growing number of consumers have started using card payments on as many occasions as possible. Additionally, the government's reinforcement of an improving arrangement in terms of digital payment policies and opti...

Euromonitor International's Financial Cards and Payments 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: Financial Cards in Circulation, M-Commerce, 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 Financial Cards and Payments 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.

Product Code: FCSA

List Of Contents And Tables

EXECUTIVE SUMMARY

Financial cards and payments in 2022: The big picture
2022 key trends
Increased card transactions over cash
Buy Now Pay Later continues to gain traction
Competitive landscape
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?

MARKET INDICATORS

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

MARKET DATA

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 Consumer Payments by Category: Value 2017-2022
Table 12 Consumer Payments by Category: Number of Transactions 2017-2022
Table 13 M-Commerce by Category: Value 2017-2022
Table 14 M-Commerce by Category: % Value Growth 2017-2022
Table 15 Financial Cards: Number of Cards by Issuer 2017-2021
Table 16 Financial Cards: Number of Cards by Operator 2017-2021
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2017-2021
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2017-2021
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2022-2027
Table 20 Forecast Financial Cards by Category: Number of Accounts 2022-2027
Table 21 Forecast Financial Cards Transactions by Category: Value 2022-2027
Table 22 Forecast Financial Cards by Category: Number of Transactions 2022-2027
Table 23 Forecast Consumer Payments by Category: Value 2022-2027
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2022-2027
Table 25 Forecast M-Commerce by Category: Value 2022-2027
Table 26 Forecast M-Commerce by Category: % Value Growth 2022-2027

DISCLAIMER

SOURCES

Summary 1 Research Sources

DEBIT CARDS IN SAUDI ARABIA

KEY DATA FINDINGS

2022 DEVELOPMENTS

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

PROSPECTS AND OPPORTUNITIES

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

CATEGORY DATA

Table 27 Debit Cards: Number of Cards in Circulation 2017-2022
Table 28 Debit Cards Transactions 2017-2022
Table 29 Debit Cards in Circulation: % Growth 2017-2022
Table 30 Debit Cards Transactions: % Growth 2017-2022
Table 31 Debit Cards: Number of Cards by Issuer 2017-2021
Table 32 Debit Cards: Number of Cards by Operator 2017-2021
Table 33 Debit Cards Payment Transaction Value by Issuer 2017-2021
Table 34 Debit Cards Payment Transaction Value by Operator 2017-2021
Table 35 Forecast Debit Cards: Number of Cards in Circulation 2022-2027
Table 36 Forecast Debit Cards Transactions 2022-2027
Table 37 Forecast Debit Cards in Circulation: % Growth 2022-2027
Table 38 Forecast Debit Cards Transactions: % Growth 2022-2027

CREDIT CARDS IN SAUDI ARABIA

KEY DATA FINDINGS

2022 DEVELOPMENTS

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

PROSPECTS AND OPPORTUNITIES

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

CATEGORY DATA

Table 39 Credit Cards: Number of Cards in Circulation 2017-2022
Table 40 Credit Cards Transactions 2017-2022
Table 41 Credit Cards in Circulation: % Growth 2017-2022
Table 42 Credit Cards Transactions: % Growth 2017-2022
Table 43 Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 44 Commercial Credit Cards Transactions 2017-2022
Table 45 Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 46 Commercial Credit Cards Transactions: % Growth 2017-2022
Table 47 Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 48 Personal Credit Cards Transactions 2017-2022
Table 49 Personal Credit Cards in Circulation: % Growth 2017-2022
Table 50 Personal Credit Cards Transactions: % Growth 2017-2022
Table 51 Credit Cards: Number of Cards by Issuer 2017-2021
Table 52 Credit Cards: Number of Cards by Operator 2017-2021
Table 53 Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 54 Credit Cards Payment Transaction Value by Operator 2017-2021
Table 55 Commercial Credit Cards: Number of Cards by Issuer 2017-2021
Table 56 Commercial Credit Cards: Number of Cards by Operator 2017-2021
Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2017-2021
Table 59 Personal Credit Cards: Number of Cards by Issuer 2017-2021
Table 60 Personal Credit Cards: Number of Cards by Operator 2017-2021
Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 62 Personal Credit Cards Payment Transaction Value by Operator 2017-2021
Table 63 Forecast Credit Cards: Number of Cards in Circulation 2022-2027
Table 64 Forecast Credit Cards Transactions 2022-2027
Table 65 Forecast Credit Cards in Circulation: % Growth 2022-2027
Table 66 Forecast Credit Cards Transactions: % Growth 2022-2027
Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2022-2027
Table 68 Forecast Commercial Credit Cards Transactions 2022-2027
Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2022-2027
Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2022-2027
Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2022-2027
Table 72 Forecast Personal Credit Cards Transactions 2022-2027
Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2022-2027
Table 74 Forecast Personal Credit Cards Transactions: % Growth 2022-2027

CHARGE CARDS IN SAUDI ARABIA

KEY DATA FINDINGS

2022 DEVELOPMENTS

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

PROSPECTS AND OPPORTUNITIES

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

CATEGORY DATA

Table 75 Charge Cards: Number of Cards in Circulation 2017-2022
Table 76 Charge Cards Transactions 2017-2022
Table 77 Charge Cards in Circulation: % Growth 2017-2022
Table 78 Charge Cards Transactions: % Growth 2017-2022
Table 79 Commercial Charge Cards: Number of Cards in Circulation 2017-2022
Table 80 Commercial Charge Cards Transactions 2017-2022
Table 81 Commercial Charge Cards in Circulation: % Growth 2017-2022
Table 82 Commercial Charge Cards Transactions: % Growth 2017-2022
Table 83 Personal Charge Cards: Number of Cards in Circulation 2017-2022
Table 84 Personal Charge Cards Transactions 2017-2022
Table 85 Personal Charge Cards in Circulation: % Growth 2017-2022
Table 86 Personal Charge Cards Transactions: % Growth 2017-2022
Table 87 Charge Cards: Number of Cards by Issuer 2017-2021
Table 88 Charge Cards: Number of Cards by Operator 2017-2021
Table 89 Charge Cards Payment Transaction Value by Issuer 2017-2021
Table 90 Charge Cards Payment Transaction Value by Operator 2017-2021
Table 91 Commercial Charge Cards: Number of Cards by Issuer 2017-2021
Table 92 Commercial Charge Cards: Number of Cards by Operator 2017-2021
Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2017-2021
Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2017-2021
Table 95 Personal Charge Cards: Number of Cards by Issuer 2017-2021
Table 96 Personal Charge Cards: Number of Cards by Operator 2017-2021
Table 97 Personal Charge Cards Transaction Value by Issuer 2017-2021
Table 98 Personal Charge Cards Transaction Value by Operator 2017-2021
Table 99 Forecast Charge Cards: Number of Cards in Circulation 2022-2027
Table 100 Forecast Charge Cards Transactions 2022-2027
Table 101 Forecast Charge Cards in Circulation: % Growth 2022-2027
Table 102 Forecast Charge Cards Transactions: % Growth 2022-2027
Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2022-2027
Table 104 Forecast Commercial Charge Cards Transactions 2022-2027
Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2022-2027
Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2022-2027
Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2022-2027
Table 108 Forecast Personal Charge Cards Transactions 2022-2027
Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2022-2027
Table 110 Forecast Personal Charge Cards Transactions: % Growth 2022-2027

PRE-PAID CARDS IN SAUDI ARABIA

KEY DATA FINDINGS

2022 DEVELOPMENTS

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

PROSPECTS AND OPPORTUNITIES

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

CATEGORY DATA

Table 111 Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 112 Pre-paid Cards Transactions 2017-2022
Table 113 Pre-paid Cards in Circulation: % Growth 2017-2022
Table 114 Pre-paid Cards Transactions: % Growth 2017-2022
Table 115 Open Loop Pre-paid Cards Transactions 2017-2022
Table 116 Open Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 117 Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 118 Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 119 Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 120 Pre-paid Cards Transaction Value by Operator 2017-2021
Table 121 Open Loop Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 122 Open Loop Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 123 Open Loop Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 124 Open Loop Pre-paid Cards Transaction Value by Operator 2017-2021
Table 125 Forecast Pre-paid Cards: Number of Cards in Circulation 2022-2027
Table 126 Forecast Pre-paid Cards Transactions 2022-2027
Table 127 Forecast Pre-paid Cards in Circulation: % Growth 2022-2027
Table 128 Forecast Pre-paid Cards Transactions: % Growth 2022-2027
Table 129 Forecast Open Loop Pre-paid Cards Transactions 2022-2027
Table 130 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2022-2027

Financial Cards and Payments in Saudi Arabia

Description

Table of Contents

Why buy this report?

TABLE OF CONTENTS

EXECUTIVE SUMMARY

MARKET INDICATORS

MARKET DATA

DISCLAIMER

SOURCES

DEBIT CARDS IN SAUDI ARABIA

KEY DATA FINDINGS

2022 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

CREDIT CARDS IN SAUDI ARABIA

KEY DATA FINDINGS

2022 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

CHARGE CARDS IN SAUDI ARABIA

KEY DATA FINDINGS

2022 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

PRE-PAID CARDS IN SAUDI ARABIA

KEY DATA FINDINGS

2022 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

STORE CARDS IN SAUDI ARABIA

2022 DEVELOPMENT