Charge Cards in Saudi Arabia

November 2023
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EUR 1,125
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Overview:

Understand the latest market trends and future growth opportunities for the Charge Card Transactions industry in Saudi Arabia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.

Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.

If you're in the Charge Card Transactions industry in Saudi Arabia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.

The Charge Card Transactions in Saudi Arabia report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volume and value sizes, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent research methodology, conducted in-country

This report answers:

  • What is the market size of Charge Card Transactions in Saudi Arabia?
  • What are the major trends key to understanding Charge Card Transactions in Saudi Arabia?
  • How has COVID-19, recession and macroeconomic volatility impacted the market?
  • How long will the market take to recover? What are the opportunities now?
  • How will political context and shifting cultural values shape future growth?
  • Where is future growth expected to be most dynamic?
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Charge Cards in Saudi Arabia - Category analysis

Charge Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

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
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
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
Table 4 Charge Cards Transactions: % Growth 2018-2023
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2018-2023
Table 6 Commercial Charge Cards Transactions 2018-2023
Table 7 Commercial Charge Cards in Circulation: % Growth 2018-2023
Table 8 Commercial Charge Cards Transactions: % Growth 2018-2023
Table 9 Personal Charge Cards: Number of Cards in Circulation 2018-2023
Table 10 Personal Charge Cards Transactions 2018-2023
Table 11 Personal Charge Cards in Circulation: % Growth 2018-2023
Table 12 Personal Charge Cards Transactions: % Growth 2018-2023
Table 13 Charge Cards: Number of Cards by Issuer 2018-2022
Table 14 Charge Cards: Number of Cards by Operator 2018-2022
Table 15 Charge Cards Payment Transaction Value by Issuer 2018-2022
Table 16 Charge Cards Payment Transaction Value by Operator 2018-2022
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2018-2022
Table 18 Commercial Charge Cards: Number of Cards by Operator 2018-2022
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2018-2022
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2018-2022
Table 21 Personal Charge Cards: Number of Cards by Issuer 2018-2022
Table 22 Personal Charge Cards: Number of Cards by Operator 2018-2022
Table 23 Personal Charge Cards Transaction Value by Issuer 2018-2022
Table 24 Personal Charge Cards Transaction Value by Operator 2018-2022
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2023-2028
Table 26 Forecast Charge Cards Transactions 2023-2028
Table 27 Forecast Charge Cards in Circulation: % Growth 2023-2028
Table 28 Forecast Charge Cards Transactions: % Growth 2023-2028
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2023-2028
Table 30 Forecast Commercial Charge Cards Transactions 2023-2028
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2023-2028
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2023-2028
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2023-2028
Table 34 Forecast Personal Charge Cards Transactions 2023-2028
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2023-2028
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2023-2028

Credit Cards in Saudi Arabia - Category analysis

Credit Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

Rewards, cashback schemes, and Sharia compliancy support growth in credit cards
Financial Sector Development Program (Vision 2030) seeks to uplift the Islamic finance industry
BNPL continues to attract consumers, due to convenience and lack of interest charges on instalment payments
Challenges lie ahead for credit cards
Sharia-compliance and innovation could lead to greater success for credit cards
Mastercard expected to forge ahead with innovations, based on past experience as a trailblazer
Table 37 Credit Cards: Number of Cards in Circulation 2018-2023
Table 38 Credit Cards Transactions 2018-2023
Table 39 Credit Cards in Circulation: % Growth 2018-2023
Table 40 Credit Cards Transactions: % Growth 2018-2023
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2018-2023
Table 42 Commercial Credit Cards Transactions 2018-2023
Table 43 Commercial Credit Cards in Circulation: % Growth 2018-2023
Table 44 Commercial Credit Cards Transactions: % Growth 2018-2023
Table 45 Personal Credit Cards: Number of Cards in Circulation 2018-2023
Table 46 Personal Credit Cards Transactions 2018-2023
Table 47 Personal Credit Cards in Circulation: % Growth 2018-2023
Table 48 Personal Credit Cards Transactions: % Growth 2018-2023
Table 49 Credit Cards: Number of Cards by Issuer 2018-2022
Table 50 Credit Cards: Number of Cards by Operator 2018-2022
Table 51 Credit Cards Payment Transaction Value by Issuer 2018-2022
Table 52 Credit Cards Payment Transaction Value by Operator 2018-2022
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2018-2022
Table 54 Commercial Credit Cards: Number of Cards by Operator 2018-2022
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2018-2022
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2018-2022
Table 57 Personal Credit Cards: Number of Cards by Issuer 2018-2022
Table 58 Personal Credit Cards: Number of Cards by Operator 2018-2022
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2018-2022
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2018-2022
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2023-2028
Table 62 Forecast Credit Cards Transactions 2023-2028
Table 63 Forecast Credit Cards in Circulation: % Growth 2023-2028
Table 64 Forecast Credit Cards Transactions: % Growth 2023-2028
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2023-2028
Table 66 Forecast Commercial Credit Cards Transactions 2023-2028
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2023-2028
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2023-2028
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2023-2028
Table 70 Forecast Personal Credit Cards Transactions 2023-2028
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2023-2028
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2023-2028

Debit Cards in Saudi Arabia - Category analysis

Debit Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

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
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
Table 73 Debit Cards: Number of Cards in Circulation 2018-2023
Table 74 Debit Cards Transactions 2018-2023
Table 75 Debit Cards in Circulation: % Growth 2018-2023
Table 76 Debit Cards Transactions: % Growth 2018-2023
Table 77 Debit Cards: Number of Cards by Issuer 2018-2022
Table 78 Debit Cards: Number of Cards by Operator 2018-2022
Table 79 Debit Cards Payment Transaction Value by Issuer 2018-2022
Table 80 Debit Cards Payment Transaction Value by Operator 2018-2022
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2023-2028
Table 82 Forecast Debit Cards Transactions 2023-2028
Table 83 Forecast Debit Cards in Circulation: % Growth 2023-2028
Table 84 Forecast Debit Cards Transactions: % Growth 2023-2028

Pre-Paid Cards in Saudi Arabia - Category analysis

Pre-Paid Cards in Saudi Arabia - Company Profile

KEY DATA FINDINGS

Payroll-based pre-paid cards continue to attract attention
The culture of gifting supports other opportunities in pre-paid cards
Cashback incentives make pre-paid cards more attractive
Convenience continues to be a major selling point for pre-paid cards
The growth of digital banking and fintech platforms will continue to bolster pre-paid cards
Developments in the transport industry expected to bring forth transport cards
Table 85 Pre-paid Cards: Number of Cards in Circulation 2018-2023
Table 86 Pre-paid Cards Transactions 2018-2023
Table 87 Pre-paid Cards in Circulation: % Growth 2018-2023
Table 88 Pre-paid Cards Transactions: % Growth 2018-2023
Table 89 Open Loop Pre-paid Cards Transactions 2018-2023
Table 90 Open Loop Pre-paid Cards Transactions: % Growth 2018-2023
Table 91 Pre-paid Cards: Number of Cards by Issuer 2018-2022
Table 92 Pre-paid Cards: Number of Cards by Operator 2018-2022
Table 93 Pre-paid Cards Transaction Value by Issuer 2018-2022
Table 94 Pre-paid Cards Transaction Value by Operator 2018-2022
Table 95 Open Loop Pre-paid Cards: Number of Cards by Issuer 2018-2022
Table 96 Open Loop Pre-paid Cards: Number of Cards by Operator 2018-2022
Table 97 Open Loop Pre-paid Cards Transaction Value by Issuer 2018-2022
Table 98 Open Loop Pre-paid Cards Transaction Value by Operator 2018-2022
Table 99 Forecast Pre-paid Cards: Number of Cards in Circulation 2023-2028
Table 100 Forecast Pre-paid Cards Transactions 2023-2028
Table 101 Forecast Pre-paid Cards in Circulation: % Growth 2023-2028
Table 102 Forecast Pre-paid Cards Transactions: % Growth 2023-2028
Table 103 Forecast Open Loop Pre-paid Cards Transactions 2023-2028
Table 104 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2023-2028

Store Cards in Saudi Arabia - Category analysis

Store Cards in Saudi Arabia - Company Profile

Financial Cards and Payments in Saudi Arabia - Industry Overview

Financial cards and payments in 2023: The big picture
2023 key trends
Card transactions continue to take the lead over cash
Buy now pay later continues to gain traction
Competitive landscape
National card payment scheme mada continues to lead in payment technology
Saudi banks embrace digital future with the closure of branches
Approval for more digital banks in Saudi Arabia
Fintech firms facilitate cashless payments
What next for financial cards and payments?
Table 105 Number of POS Terminals: Units 2018-2023
Table 106 Number of ATMs: Units 2018-2023
Table 107 Value Lost to Fraud 2018-2023
Table 108 Card Expenditure by Location 2023
Table 109 Financial Cards in Circulation by Type: % Number of Cards 2018-2023
Table 110 Domestic versus Foreign Spend 2023
Table 111 Financial Cards by Category: Number of Cards in Circulation 2018-2023
Table 112 Financial Cards by Category: Number of Accounts 2018-2023
Table 113 Financial Cards Transactions by Category: Value 2018-2023
Table 114 Financial Cards by Category: Number of Transactions 2018-2023
Table 115 Consumer Payments by Category: Value 2018-2023
Table 116 Consumer Payments by Category: Number of Transactions 2018-2023
Table 117 M-Commerce by Category: Value 2018-2023
Table 118 M-Commerce by Category: % Value Growth 2018-2023
Table 119 Financial Cards: Number of Cards by Issuer 2018-2022
Table 120 Financial Cards: Number of Cards by Operator 2018-2022
Table 121 Financial Cards: Card Payment Transactions Value by Operator 2018-2022
Table 122 Financial Cards: Card Payment Transactions Value by Issuer 2018-2022
Table 123 Forecast Financial Cards by Category: Number of Cards in Circulation 2023-2028
Table 124 Forecast Financial Cards by Category: Number of Accounts 2023-2028
Table 125 Forecast Financial Cards Transactions by Category: Value 2023-2028
Table 126 Forecast Financial Cards by Category: Number of Transactions 2023-2028
Table 127 Forecast Consumer Payments by Category: Value 2023-2028
Table 128 Forecast Consumer Payments by Category: Number of Transactions 2023-2028
Table 129 Forecast M-Commerce by Category: Value 2023-2028
Table 130 Forecast M-Commerce by Category: % Value Growth 2023-2028

DISCLAIMER

Summary 1 Research Sources
The following categories and subcategories are included:

Charge Card Transactions

  • Commercial Charge Card Transactions
  • Personal Charge Card Transactions

Charge Card Transactions

A charge card (sometimes referred to as a Travel and Entertainment card) shares the “pay later” component with credit cards. However, charge card balances normally have to be paid off monthly and do not attract interest charges. Charge cards typically possess high (or even no) pre-set spending limits and may carry a high annual fee. Payments are tracked based on the country of residence / account issuance and include outbound spend while excluding inbound spend.

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This report originates from Passport, our Charge Card Transactions research and analysis database.

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