Saudi Arabia Cards and Payments Market Size is Surpassing 8.5% CAGR Growth by 2030 | MarkNtel Advisors

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Saudi Arabia Cards and Payments Market Size is Surpassing 8.5% CAGR Growth by 2030 | MarkNtel Advisors

Report Overview:

The following report titled “Saudi Arabia Cards and Payments MarketBy Type of Cards (Debit Cards, Fleet/Fuel Cards, ATM Cards, Prepaid Cards, Credit Cards), By Type of Payment Instrument (Cards, Mobile Wallets , Credit Transfers, Cash, Debit Cards, Checks)a nd other forecast 2024-2030” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.

Saudi Arabia Cards and Payments Market Summary

The Saudi Arabia Cards and Payments Market is estimated to grow at a CAGR of around 8.5% during the forecast period, 2024-30. 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.

Report Coverage Details

  • Forecast Period:  2024-2030
  • Base Year: 2023
  • CAGR: 8.5%

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Saudi Arabia Cards and Payments Market Trend:

Integration of Smart Touchless Technologies Gaining Traction – Owing to the rising technological advancements, financial service providers financial institutions comprising commercial banks other investment banks are integrating new touchless technologies in credit cards, debit cards, fleet cards, etc., to improve the user experience. These touchless technologies enable consumers to complete touch-free transactions with systems, thereby meeting health safety requirements.

Segmentation Analysis: Saudi Arabia Cards and Payments Market

By Type of Cards

  • Debit Cards
  • Fleet/Fuel Cards
  • ATM Cards
  • Prepaid Cards
  • Credit Cards

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

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

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Leading Players Analysis: Saudi Arabia Cards and Payments Market

The report provides detailed analysis of key players in the Saudi Arabia Cards and Payments market, highlighting their strategies and competitive scenario.

  • 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

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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Key Benefits for Stakeholders:

  1. Informed Decision-Making: Access to comprehensive and insightful market research reports enables stakeholders to make well-informed decisions, leading to more strategic and successful initiatives.
  2. Strategic Planning: The strategic reports provided by MarkNtel Advisors empower stakeholders to formulate robust strategies for market entry, product development, and competitive positioning.
  3. Market Sizing Forecasting: Stakeholders can benefit from accurate market sizing and forecasting data to make informed investment and resource allocation decisions, minimizing risks and maximizing returns.
  4. Competitive Benchmarking: The availability of competitive benchmarking data allows stakeholders to assess their performance against industry peers, identify areas for improvement, and capitalize on strengths.
  5. Identifying Investment Opportunities: Through trend analysis and industry insights, stakeholders can identify attractive investment opportunities and stay ahead in the market for better ROI.

About us

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, Saudi Arabia, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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