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Financial Cards and Payments in Saudi Arabia

  • ID: 1209028
  • Report
  • December 2020
  • Region: Saudi Arabia
  • 56 pages
  • Euromonitor International
In 2020, the overall number of financial cards in circulation continued to increase in Saudi Arabia, although at a slower pace than in 2019 as pre-paid cards saw a significant drop as expatriates left the country as Saudisation progressed and charge cards continued to decrease in popularity due to competition mainly from credit cards.

The 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
  • COVID-19 impact on consumer payments
  • COVID-19 country impact
  • Electronic payments rise strongly
  • Measures by SAMA and investment in digital infrastructure enable safer and more socially distanced consumer spending
  • Consolidation looms among issuers while operators and digital wallets form partnerships
  • What next for consumer payments?
MARKET INDICATORS
  • Table 1 Number of POS Terminals: Units 2015-2020
  • Table 2 Number of ATMs: Units 2015-2020
  • Table 3 Value Lost to Fraud 2015-2020
  • Table 4 Card Expenditure by Location 2020
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2015-2020
  • Table 6 Domestic versus Foreign Spend 2020
MARKET DATA
  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2015-2020
  • Table 8 Financial Cards by Category: Number of Accounts 2015-2020
  • Table 9 Financial Cards Transactions by Category: Value 2015-2020
  • Table 10 Financial Cards by Category: Number of Transactions 2015-2020
  • Table 11 Consumer Payments by Category: Value 2015-2020
  • Table 12 Consumer Payments by Category: Number of Transactions 2015-2020
  • Table 13 M-Commerce by Category: Value 2015-2020
  • Table 14 M-Commerce by Category: % Value Growth 2015-2020
  • Table 15 Financial Cards: Number of Cards by Issuer 2015-2019
  • Table 16 Financial Cards: Number of Cards by Operator 2015-2019
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2015-2019
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025
  • Table 20 Forecast Financial Cards by Category: Number of Accounts 2020-2025
  • Table 21 Forecast Financial Cards Transactions by Category: Value 2020-2025
  • Table 22 Forecast Financial Cards by Category: Number of Transactions 2020-2025
  • Table 23 Forecast Consumer Payments by Category: Value 2020-2025
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2020-2025
  • Table 25 Forecast M-Commerce by Category: Value 2020-2025
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2020-2025
DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES
  • Summary 1 Research Sources
KEY DATA FINDINGS

2020 IMPACT
  • COVID-19 accelerates the shift away from cash boosting debit card transactions
  • Online and contactless payments by debit card surge
  • Technological advancements continue to shake the former dominance of cash
RECOVERY AND OPPORTUNITIES
  • Increased debit card usage expected in the forecast period supported by contactless technology
  • Volume transactions set to decline in 2021 following the expat exodus
  • COVID-19 will drive ongoing growth in contactless and remote debit payments
CATEGORY DATA
  • Table 27 Debit Cards: Number of Cards in Circulation 2015-2020
  • Table 28 Debit Cards Transactions 2015-2020
  • Table 29 Debit Cards in Circulation: % Growth 2015-2020
  • Table 30 Debit Cards Transactions: % Growth 2015-2020
  • Table 31 Debit Cards: Number of Cards by Issuer 2015-2019
  • Table 32 Debit Cards: Number of Cards by Operator 2015-2019
  • Table 33 Debit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 34 Debit Cards Payment Transaction Value by Operator 2015-2019
  • Table 35 Forecast Debit Cards: Number of Cards in Circulation 2020-2025
  • Table 36 Forecast Debit Cards Transactions 2020-2025
  • Table 37 Forecast Debit Cards in Circulation: % Growth 2020-2025
  • Table 38 Forecast Debit Cards Transactions: % Growth 2020-2025
KEY DATA FINDINGS

2020 IMPACT
  • Credit card payments increase as COVID-19 negatively impacts the use of cash
  • Credit cards still lag behind debit cards but are increasingly used for small transactions
  • Online use of credit cards surges as a result of COVID-19
RECOVERY AND OPPORTUNITIES
  • Growth expected for credit cards over the forecast period
  • Growth of credit cards to be overshadowed by debit cards
  • Consolidation expected in the competitive landscape
CATEGORY DATA
  • Table 39 Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 40 Credit Cards Transactions 2015-2020
  • Table 41 Credit Cards in Circulation: % Growth 2015-2020
  • Table 42 Credit Cards Transactions: % Growth 2015-2020
  • Table 43 Commercial Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 44 Commercial Credit Cards Transactions 2015-2020
  • Table 45 Commercial Credit Cards in Circulation: % Growth 2015-2020
  • Table 46 Commercial Credit Cards Transactions: % Growth 2015-2020
  • Table 47 Personal Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 48 Personal Credit Cards Transactions 2015-2020
  • Table 49 Personal Credit Cards in Circulation: % Growth 2015-2020
  • Table 50 Personal Credit Cards Transactions: % Growth 2015-2020
  • Table 51 Credit Cards: Number of Cards by Issuer 2015-2019
  • Table 52 Credit Cards: Number of Cards by Operator 2015-2019
  • Table 53 Credit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 54 Credit Cards Payment Transaction Value by Operator 2015-2019
  • Table 55 Commercial Credit Cards: Number of Cards by Issuer 2015-2019
  • Table 56 Commercial Credit Cards: Number of Cards by Operator 2015-2019
  • Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2015-2019
  • Table 59 Personal Credit Cards: Number of Cards by Issuer 2015-2019
  • Table 60 Personal Credit Cards: Number of Cards by Operator 2015-2019
  • Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 62 Personal Credit Cards Payment Transaction Value by Operator 2015-2019
  • Table 63 Forecast Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 64 Forecast Credit Cards Transactions 2020-2025
  • Table 65 Forecast Credit Cards in Circulation: % Growth 2020-2025
  • Table 66 Forecast Credit Cards Transactions: % Growth 2020-2025
  • Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 68 Forecast Commercial Credit Cards Transactions 2020-2025
  • Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2020-2025
  • Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2020-2025
  • Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 72 Forecast Personal Credit Cards Transactions 2020-2025
  • Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025
  • Table 74 Forecast Personal Credit Cards Transactions: % Growth 2020-2025
KEY DATA FINDINGS

2020 IMPACT
  • Decline continues in charge cards as consumers favour debit and credit cards
  • COVID-19 travel restrictions accelerate the decline in charge cards
  • American Express remains the sole operator of charge cards in Saudi Arabia
RECOVERY AND OPPORTUNITIES
  • Decline in charge cards set to continue
  • Lack of innovation will be detrimental to charge cards even amid economic recovery
  • Increased competition from other financial cards is expected to lose consumers’ interest in charge cards
CATEGORY DATA
  • Table 75 Charge Cards: Number of Cards in Circulation 2015-2020
  • Table 76 Charge Cards Transactions 2015-2020
  • Table 77 Charge Cards in Circulation: % Growth 2015-2020
  • Table 78 Charge Cards Transactions: % Growth 2015-2020
  • Table 79 Commercial Charge Cards: Number of Cards in Circulation 2015-2020
  • Table 80 Commercial Charge Cards Transactions 2015-2020
  • Table 81 Commercial Charge Cards in Circulation: % Growth 2015-2020
  • Table 82 Commercial Charge Cards Transactions: % Growth 2015-2020
  • Table 83 Personal Charge Cards: Number of Cards in Circulation 2015-2020
  • Table 84 Personal Charge Cards Transactions 2015-2020
  • Table 85 Personal Charge Cards in Circulation: % Growth 2015-2020
  • Table 86 Personal Charge Cards Transactions: % Growth 2015-2020
  • Table 87 Charge Cards: Number of Cards by Issuer 2015-2019
  • Table 88 Charge Cards: Number of Cards by Operator 2015-2019
  • Table 89 Charge Cards Payment Transaction Value by Issuer 2015-2019
  • Table 90 Charge Cards Payment Transaction Value by Operator 2015-2019
  • Table 91 Commercial Charge Cards: Number of Cards by Issuer 2015-2019
  • Table 92 Commercial Charge Cards: Number of Cards by Operator 2015-2019
  • Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2015-2019
  • Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2015-2019
  • Table 95 Personal Charge Cards: Number of Cards by Issuer 2015-2019
  • Table 96 Personal Charge Cards: Number of Cards by Operator 2015-2019
  • Table 97 Personal Charge Cards Transaction Value by Issuer 2015-2019
  • Table 98 Personal Charge Cards Transaction Value by Operator 2015-2019
  • Table 99 Forecast Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 100 Forecast Charge Cards Transactions 2020-2025
  • Table 101 Forecast Charge Cards in Circulation: % Growth 2020-2025
  • Table 102 Forecast Charge Cards Transactions: % Growth 2020-2025
  • Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 104 Forecast Commercial Charge Cards Transactions 2020-2025
  • Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2020-2025
  • Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2020-2025
  • Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 108 Forecast Personal Charge Cards Transactions 2020-2025
  • Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2020-2025
  • Table 110 Forecast Personal Charge Cards Transactions: % Growth 2020-2025
KEY DATA FINDINGS

2020 IMPACT
  • Saudisation has a negative impact on pre-paid cards in 2020
  • Al Rajhi Bank continues to lead pre-paid cards by constantly upgrading its services
  • Visa continues to dominate pre-paid cards due to its high level of services for customers
RECOVERY AND OPPORTUNITIES
  • Pre-paid cards expected to return to growth path but not immediately
  • Network branded gift cards and travel cards are expected to return to strong growth
  • New types of pre-paid cards expected to emerge
CATEGORY DATA
  • Table 111 Pre-paid Cards: Number of Cards in Circulation 2015-2020
  • Table 112 Pre-paid Cards Transactions 2015-2020
  • Table 113 Pre-paid Cards in Circulation: % Growth 2015-2020
  • Table 114 Pre-paid Cards Transactions: % Growth 2015-2020
  • Table 115 Open Loop Pre-paid Cards Transactions 2015-2020
  • Table 116 Open Loop Pre-paid Cards Transactions: % Growth 2015-2020
  • Table 117 Pre-paid Cards: Number of Cards by Issuer 2015-2019
  • Table 118 Pre-paid Cards: Number of Cards by Operator 2015-2019
  • Table 119 Pre-paid Cards Transaction Value by Issuer 2015-2019
  • Table 120 Pre-paid Cards Transaction Value by Operator 2015-2019
  • Table 121 Open Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
  • Table 122 Open Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
  • Table 123 Open Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
  • Table 124 Open Loop Pre-paid Cards Transaction Value by Operator 2015-2019
  • Table 125 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025
  • Table 126 Forecast Pre-paid Cards Transactions 2020-2025
  • Table 127 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025
  • Table 128 Forecast Pre-paid Cards Transactions: % Growth 2020-2025
  • Table 129 Forecast Open Loop Pre-paid Cards Transactions 2020-2025
  • Table 130 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025
2020 IMPACT
Note: Product cover images may vary from those shown
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