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Financial Cards and Payments in Saudi Arabia

  • ID: 1209028
  • Report
  • November 2021
  • Region: Saudi Arabia
  • 58 Pages
  • Euromonitor International
Saudi Arabia is swiftly moving towards its 2030 vision of a cashless economy, as digital payments are growing rapidly, and more consumers are using card payments in both online and offline environments.

The publisher'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.
Note: Product cover images may vary from those shown

EXECUTIVE SUMMARY
  • Financial cards and payments in 2021: The big picture
  • 2021 key trends
  • mada becomes the centre of the evolving payments ecosystem
  • As consumers embrace online and digital banking, banks close physical branches

NCB and Samba Bank complete merger
  • What next for financial cards and payments?

MARKET INDICATORS
  • Table 1 Pre-paid Cards: Number of Cards in Circulation 2016-2021
  • Table 2 Pre-paid Cards Transactions 2016-2021
  • Table 3 Pre-paid Cards in Circulation: % Growth 2016-2021
  • Table 4 Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 5 Open Loop Pre-paid Cards Transactions 2016-2021
  • Table 6 Open Loop Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 7 Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 8 Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 9 Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 10 Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 11 Open Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 12 Open Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 13 Open Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 14 Open Loop Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 15 Forecast Pre-paid Cards: Number of Cards in Circulation 2021-2026
  • Table 16 Forecast Pre-paid Cards Transactions 2021-2026
  • Table 17 Forecast Pre-paid Cards in Circulation: % Growth 2021-2026
  • Table 18 Forecast Pre-paid Cards Transactions: % Growth 2021-2026
  • Table 19 Forecast Open Loop Pre-paid Cards Transactions 2021-2026
  • Table 20 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2021-2026

MARKET DATA
  • Table 21 Financial Cards by Category: Number of Cards in Circulation 2016-2021
  • Table 22 Financial Cards by Category: Number of Accounts 2016-2021
  • Table 23 Financial Cards Transactions by Category: Value 2016-2021
  • Table 24 Financial Cards by Category: Number of Transactions 2016-2021
  • Table 25 Consumer Payments by Category: Value 2016-2021
  • Table 26 Consumer Payments by Category: Number of Transactions 2016-2021
  • Table 27 M-Commerce by Category: Value 2016-2021
  • Table 28 M-Commerce by Category: % Value Growth 2016-2021
  • Table 29 Financial Cards: Number of Cards by Issuer 2016-2020
  • Table 30 Financial Cards: Number of Cards by Operator 2016-2020
  • Table 31 Financial Cards: Card Payment Transactions Value by Operator 2016-2020
  • Table 32 Financial Cards: Card Payment Transactions Value by Issuer 2016-2020
  • Table 33 Forecast Financial Cards by Category: Number of Cards in Circulation 2021-2026
  • Table 34 Forecast Financial Cards by Category: Number of Accounts 2021-2026
  • Table 35 Forecast Financial Cards Transactions by Category: Value 2021-2026
  • Table 36 Forecast Financial Cards by Category: Number of Transactions 2021-2026
  • Table 37 Forecast Consumer Payments by Category: Value 2021-2026
  • Table 38 Forecast Consumer Payments by Category: Number of Transactions 2021-2026
  • Table 39 Forecast M-Commerce by Category: Value 2021-2026
  • Table 40 Forecast M-Commerce by Category: % Value Growth 2021-2026

DISCLAIMER
SOURCES
  • Summary 1 Research Sources

DEBIT CARDS IN SAUDI ARABIAKEY DATA FINDINGS
2021 DEVELOPMENTS
  • mada remains a strong driver of debit card growth
  • Online account opening facilities boost uptake of debit cards and card payments
  • Women’s empowerment and greater financial freedom facilitate debit card growth

PROSPECTS AND OPPORTUNITIES
  • New target consumer segments over the forecast period
  • Growth in debit cards to continue, with consolidation around mada cards
  • Digital banking and online banking penetration offer new product and partnership opportunities

CATEGORY DATA
  • Table 41 Debit Cards: Number of Cards in Circulation 2016-2021
  • Table 42 Debit Cards Transactions 2016-2021
  • Table 43 Debit Cards in Circulation: % Growth 2016-2021
  • Table 44 Debit Cards Transactions: % Growth 2016-2021
  • Table 45 Debit Cards: Number of Cards by Issuer 2016-2020
  • Table 46 Debit Cards: Number of Cards by Operator 2016-2020
  • Table 47 Debit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 48 Debit Cards Payment Transaction Value by Operator 2016-2020
  • Table 49 Forecast Debit Cards: Number of Cards in Circulation 2021-2026
  • Table 50 Forecast Debit Cards Transactions 2021-2026
  • Table 51 Forecast Debit Cards in Circulation: % Growth 2021-2026
  • Table 52 Forecast Debit Cards Transactions: % Growth 2021-2026

CREDIT CARDS IN SAUDI ARABIAKEY DATA FINDINGS
2021 DEVELOPMENTS
  • Credit card growth amidst pandemic, although religious beliefs remain strong
  • Buy now, pay later platforms see an opportunity in a credit-averse market
  • Cash loans and instalments are promoted benefits of credit cards

PROSPECTS AND OPPORTUNITIES
  • Buy now, pay later could offer competition but also opportunities to credit cards
  • Shariah compliance to remain key
  • American Express aiming to capture the opportunity in the developing payments market in Saudi Arabia

CATEGORY DATA
  • Table 53 Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 54 Credit Cards Transactions 2016-2021
  • Table 55 Credit Cards in Circulation: % Growth 2016-2021
  • Table 56 Credit Cards Transactions: % Growth 2016-2021
  • Table 57 Commercial Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 58 Commercial Credit Cards Transactions 2016-2021
  • Table 59 Commercial Credit Cards in Circulation: % Growth 2016-2021
  • Table 60 Commercial Credit Cards Transactions: % Growth 2016-2021
  • Table 61 Personal Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 62 Personal Credit Cards Transactions 2016-2021
  • Table 63 Personal Credit Cards in Circulation: % Growth 2016-2021
  • Table 64 Personal Credit Cards Transactions: % Growth 2016-2021
  • Table 65 Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 66 Credit Cards: Number of Cards by Operator 2016-2020
  • Table 67 Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 68 Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 69 Commercial Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 70 Commercial Credit Cards: Number of Cards by Operator 2016-2020
  • Table 71 Commercial Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 72 Commercial Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 73 Personal Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 74 Personal Credit Cards: Number of Cards by Operator 2016-2020
  • Table 75 Personal Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 76 Personal Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 77 Forecast Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 78 Forecast Credit Cards Transactions 2021-2026
  • Table 79 Forecast Credit Cards in Circulation: % Growth 2021-2026
  • Table 80 Forecast Credit Cards Transactions: % Growth 2021-2026
  • Table 81 Forecast Commercial Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 82 Forecast Commercial Credit Cards Transactions 2021-2026
  • Table 83 Forecast Commercial Credit Cards in Circulation: % Growth 2021-2026
  • Table 84 Forecast Commercial Credit Cards Transactions: % Growth 2021-2026
  • Table 85 Forecast Personal Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 86 Forecast Personal Credit Cards Transactions 2021-2026
  • Table 87 Forecast Personal Credit Cards in Circulation: % Growth 2021-2026
  • Table 88 Forecast Personal Credit Cards Transactions: % Growth 2021-2026

CHARGE CARDS IN SAUDI ARABIAKEY DATA FINDINGS
2021 DEVELOPMENTS
  • Charge card usage remains limited in the wider financial cards landscape
  • Travel bans cause significant decline in spending on charge cards
  • American Express remains a key player, though Islamic banks issue similar products

PROSPECTS AND OPPORTUNITIES
  • Travel recovery likely to offer hope for charge card operators
  • Other financial cards likely to benefit the most from economic recovery
  • Banks most likely to focus on credit card product development, although opportunities exist

CATEGORY DATA
  • Table 89 Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 90 Charge Cards Transactions 2016-2021
  • Table 91 Charge Cards in Circulation: % Growth 2016-2021
  • Table 92 Charge Cards Transactions: % Growth 2016-2021
  • Table 93 Commercial Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 94 Commercial Charge Cards Transactions 2016-2021
  • Table 95 Commercial Charge Cards in Circulation: % Growth 2016-2021
  • Table 96 Commercial Charge Cards Transactions: % Growth 2016-2021
  • Table 97 Personal Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 98 Personal Charge Cards Transactions 2016-2021
  • Table 99 Personal Charge Cards in Circulation: % Growth 2016-2021
  • Table 100 Personal Charge Cards Transactions: % Growth 2016-2021
  • Table 101 Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 102 Charge Cards: Number of Cards by Operator 2016-2020
  • Table 103 Charge Cards Payment Transaction Value by Issuer 2016-2020
  • Table 104 Charge Cards Payment Transaction Value by Operator 2016-2020
  • Table 105 Commercial Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 106 Commercial Charge Cards: Number of Cards by Operator 2016-2020
  • Table 107 Commercial Charge Cards Payment Transaction Value by Issuer 2016-2020
  • Table 108 Commercial Charge Cards Payment Transaction Value by Operator 2016-2020
  • Table 109 Personal Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 110 Personal Charge Cards: Number of Cards by Operator 2016-2020
  • Table 111 Personal Charge Cards Transaction Value by Issuer 2016-2020
  • Table 112 Personal Charge Cards Transaction Value by Operator 2016-2020
  • Table 113 Forecast Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 114 Forecast Charge Cards Transactions 2021-2026
  • Table 115 Forecast Charge Cards in Circulation: % Growth 2021-2026
  • Table 116 Forecast Charge Cards Transactions: % Growth 2021-2026
  • Table 117 Forecast Commercial Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 118 Forecast Commercial Charge Cards Transactions 2021-2026
  • Table 119 Forecast Commercial Charge Cards in Circulation: % Growth 2021-2026
  • Table 120 Forecast Commercial Charge Cards Transactions: % Growth 2021-2026
  • Table 121 Forecast Personal Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 122 Forecast Personal Charge Cards Transactions 2021-2026
  • Table 123 Forecast Personal Charge Cards in Circulation: % Growth 2021-2026
  • Table 124 Forecast Personal Charge Cards Transactions: % Growth 2021-2026

PRE-PAID CARDS IN SAUDI ARABIAKEY DATA FINDINGS
2021 DEVELOPMENTS
  • Payroll pre-paid cards grows as pandemic impacts cash payments
  • Cash back offers make pre-paid cards more attractive
  • Network branded gift cards grows, given the strong culture of gifting

PROSPECTS AND OPPORTUNITIES
  • Digital banking and new fintechs to support the growth of pre-paid cards

STC Pay may emerge as a strong non-banking competitor in pre-paid cards
  • Investment in public transport infrastructure likely to boost transportation cards

CATEGORY DATA
  • Table 125 Pre-paid Cards: Number of Cards in Circulation 2016-2021
  • Table 126 Pre-paid Cards Transactions 2016-2021
  • Table 127 Pre-paid Cards in Circulation: % Growth 2016-2021
  • Table 128 Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 129 Open Loop Pre-paid Cards Transactions 2016-2021
  • Table 130 Open Loop Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 131 Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 132 Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 133 Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 134 Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 135 Open Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 136 Open Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 137 Open Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 138 Open Loop Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 139 Forecast Pre-paid Cards: Number of Cards in Circulation 2021-2026
  • Table 140 Forecast Pre-paid Cards Transactions 2021-2026
  • Table 141 Forecast Pre-paid Cards in Circulation: % Growth 2021-2026
  • Table 142 Forecast Pre-paid Cards Transactions: % Growth 2021-2026
  • Table 143 Forecast Open Loop Pre-paid Cards Transactions 2021-2026
  • Table 144 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2021-2026
Note: Product cover images may vary from those shown