Charge cards follow a typical pattern in Saudi Arabia, where such cards have a set consumer base consisting of, mainly, affluent Saudi citizens who use these cards while travelling. Therefore, the rebound of travel and tourism following the pandemic restrictions is benefitting charge cards in this context – especially as such financial cards are internationally acknowledged. However, one thing to acknowledge is a lower growth rate in transaction values when compared to volumes in 2023, compared...
Euromonitor International's Charge Card Transactions 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: Commercial Charge Card Transactions, Personal Charge Card 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 Charge Card Transactions 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.
Charge Cards in Saudi Arabia
Euromonitor International
November 2023
List Of Contents And Tables
CHARGE CARDS IN SAUDI ARABIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Value transactions drop compared to cards in circulation, indicating lower spend habits and normalisation following post-pandemic peak
Charge cards continue to be a niche category with rising competition from debit and credit cards
American Express continues to dominate the category
PROSPECTS AND OPPORTUNITIES
Debit and credit cards will continue to pose competition to charge cards over the forecast period
Flexible customisation to meet evolving consumer demands could sustain interest in charge cards
Travel enthusiasts offers future prospects for charge cards – both personal and commercial
CATEGORY DATA
Table 1 Charge Cards: Number of Cards in Circulation 2018-2023
Table 2 Charge Cards Transactions 2018-2023
Table 3 Charge Cards in Circulation: % Growth 2018-2023