Debit cards continue to make up a large portion of all financial cards in Saudi Arabia. Indeed, debit cards are even more prevalent than credit cards in the KSA, owing to a number of factors, such as wide acceptance and convenience of use, as well as an absence of charges based on interest.
Euromonitor International's Debit 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 Debit Card Transactions, Personal Debit 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 Debit 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.
Debit Cards in Saudi Arabia
Euromonitor International
November 2023
List Of Contents And Tables
DEBIT CARDS IN SAUDI ARABIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Debit cards maintain their strong volumes as inflation hikes up living costs
“Saudization” and more women in the workforce mean a higher number of bank accounts and debit cards
Ongoing developments from national payment system mada support the growth of debit cards
PROSPECTS AND OPPORTUNITIES
Partnerships made by mada will remain key to debit card growth
Digitisation continues to forge ahead, supported by the granting of licenses by SAMA
Higher overall demand for debit cards will maintain support for the category
CATEGORY DATA
Table 1 Debit Cards: Number of Cards in Circulation 2018-2023
Table 2 Debit Cards Transactions 2018-2023
Table 3 Debit Cards in Circulation: % Growth 2018-2023