Saudi Arabia Cards and Payments: Opportunities and Risks to 2030
Powered by 
All the vital news, analysis, and commentary curated by our industry experts.
GlobalData’s ‘Saudi Arabia Cards and Payments: Opportunities and Risks to 2030' report provides detailed analysis of market trends in Saudi Arabia cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including debit, credit and charge cards during the review-period (2022–26e).
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 (2026e–30f). 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 2030' report provides top-level market analysis, information and insights into Saudi Arabia cards and payments industry, including:
– Current and forecast values for each market in Saudi Arabia cards and payments industry, including debit, credit and charge cards.
– Detailed insights into payment instruments including cards, cash, 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 Saudi Arabia 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 Saudi Arabia cards and payments industry.
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 cards, cash, 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.
Key Highlights
Digital wallets are gradually gaining traction. In September 2025, Google Pay (via Google Wallet) launched in Saudi Arabia, in partnership with SAMA and the national payment network mada. The solution allows users to add and manage their mada cards and credit cards securely through the Google Wallet app. The solution allows users to make contactless in-store Tap to Pay payments. Users can store card details for future payments by scanning the front of the card using the app or by entering the card information manually. Banks that support Google Pay are Al Rajhi Bank and Riyad Bank.
In January 2025, SAMA approved STC Bank to operate as a digital bank in Saudi Arabia, moving it from a digital wallet and payments model into a fully licensed banking framework. This approval allows the institution to provide a broader set of regulated banking services under SAMA oversight, consistent with Saudi Vision 2030, to advance digital transformation and expanding digital financial services. STC Bank offers online financial services, including account opening and debit and credit cards for both retail and business consumers.
Cross-border payments are playing an increasingly important role in Saudi Arabia’s payments landscape. In September 2025, SAMA—in partnership with Ant International’s unified wallet gateway—enabled mada POS terminals to accept Alipay+ network payments by 2026. This allows international visitors and tourists to pay at local merchants in Saudi Arabia using their global digital wallets. The customer scans the merchant’s QR code or taps at the terminal, selects their domestic wallet, and the payment is processed through the Alipay+ network. The system automatically converts the currency and settles the transaction in Saudi riyal, eliminating the need for cash or international cards.
Reasons to Buy
Make strategic business decisions, using top-level historic and forecast market data, related to Saudi Arabia cards and payments industry and each market within it.
Understand the key market trends and growth opportunities in Saudi Arabia cards and payments industry.
Assess the competitive dynamics in Saudi Arabia cards and payments industry.
Gain insights into marketing strategies used for various card types in Saudi Arabia.
Gain insights into key regulations governing Saudi Arabia cards and payments industry.
Al Rajhi Bank
Saudi National Bank
Riyad Bank
Arab National Bank
Alinma Bank
Saudi Awwal Bank
Bank Albilad
Saudi Investment Bank
Bank AlJazira
Banque Saudi Fransi
mada
Visa
Mastercard
American Express
Table of Contents
Table
Figures
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Sample Report
Saudi Arabia Cards and Payments: Opportunities and Risks to 2030 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:
- Assess the relevance of the report
- Evaluate the quality of the report
- Justify the cost
Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.
Related reports
View more Payments reports
