Saudi Arabia Cards and Payments Market Overview: 2025-2030

Base Year: 2024

Historical Years: 2020-23

Forecast Years: 2025-30

The Saudi Arabia Cards and Payments Market is estimated to grow at a CAGR of around 8.5% during the forecast period, 2025-30. The growth of Cards and Payments in Saudi Arabia is spurred by the government's concerted efforts to enhance digital infrastructure through technological advancements. Seeking to diversify the economy from its reliance on oil, the government has initiated investment plans aimed at improving residents' quality of life by developing leisure facilities, attractions, and infrastructure across the country.

Markntel Advisor’s Saudi Arabia Cards and Payments Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Saudi Arabia Cards and Payments Market drivers, barriers, Saudi Arabia Cards and Payments Market Trends, and Key Players in Saudi Arabia Cards and Payments Market.

Our Latest Reports Now Include In-Depth Supply Chain Ecosystem Analysis, Enabling Businesses to Navigate Tariff Challenges with Greater Agility Get Sample Report: https://www.marknteladvisors.com/query/request-sample/saudi-arabia-cards-payments-market.html

Saudi Arabia Cards and Payments Market Dynamics: 2025-2030

Saudi Arabia Cards and Payments Market Driver:

Growing Digital Adoption by Medium-scale & Large-scale Enterprises to Augment the Market – Saudi Arabia is an oil-rich country, and to diversify its financial resources, the government has laid down plans such as investment in construction projects, facilitation of public-private partnerships, and adoption of technologies to improve the digital infrastructure. Also, the country's government has introduced Vision 2030, which aims to promote the adoption of digital payments, including e-wallets, credit cards, and debit cards, to enhance the country's digital economy. Thus, this government-led vision has led medium-scale enterprises like prominent fast food outlets, hotels, etc., to accept digital payments via cards & wallets.

Further, the bankable population of Saudi Arabia has also expanded over the past few years. As a result, the surge in consumers opting for conventional digital payment methods is enhancing. According to the King Khalid Foundation, in 2022, 72% of the population in Saudi Arabia possessed bank accounts. Therefore, the growing bankable population & the digital adoption by different sectors are amplifying the demand for cards & payment in Saudi Arabia.

Browse Full Report with Detail Analysis - https://www.marknteladvisors.com/research-library/saudi-arabia-cards-payments-market.html

Saudi Arabia Cards and Payments Market (2025-30): Segmentation Outlook

The market report has segmented the market into the following categories:

  • By Type of Cards
    • Debit Cards
    • Fleet/Fuel Cards
    • ATM Cards
    • Prepaid Cards
    • Credit Cards

According to report, The Debit Cards segment held the largest share of the Saudi Arabia Cards and Payments Market in the historical years and is predicted to flourish during 2024-30, owing to the increasingly rising bankable population in the country.

  • By Type of Payment Instrument
    • Cards
    • Mobile Wallets
    • Credit Transfers
    • Cash
    • Debit Cards
    • Checks
  • By Type of Payments
    • B2B
    • B2C
    • C2C
    • C2B
      • E-Commerce Payments
      • Payments at POS Terminals

According to report, The Customer Business (C2B) segment emerged as one of the dominant types of payments in the Saudi Arabia Cards and Payments Market.

  • By Transaction Type
    • Domestic
    • Foreign
  • By Application
    • Food & Groceries
    • Health & Pharmacies
    • Travel & Tourism
    • Hospitality
    • Others (Media & Entertainment, etc.)
  • By Institution Type
    • Financial
    • Non-Financial
  • By Region
    • Central
    • East
    • West
    • South

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Saudi Arabia Cards and Payments Market:

  • Saudi National Bank SNB
  • The Al Rajhi Bank
  • Alawwal Bank
  • Banque Saudi Fransi 
  • Riyad Bank 
  • Arab National Bank 
  • Bank Al Jazira 
  • Bank Al Bilad 
  • Saudi Investment Bank 
  • Alinma Bank 

Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address

About Us –

We are a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Contact Us –

Email: [email protected]

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India