Payment methods in Saudi Arabia
In Saudi Arabia, online shoppers use something other than a card - cash or digital payment methods - in almost 60% of transactions.
Market takeaways
- In Saudi Arabia, online shoppers use something other than a card - cash or digital payment methods - in almost 60% of transactions.
- Saudis spend almost US$7 billion a year buying goods from e-commerce merchants in other countries.
- In 2023, the Saudi Arabian e-commerce market was worth US$10 billion. By 2027, it will be worth US$17 billion.
- Saudi Arabian shoppers complete just over 40% of all their online purchases using a smartphone or a tablet.
- The average Saudi online shopper spends US$286 a year with e-commerce merchants, rising to US$434 by 2027.
Population
35.5M
Online population
34.8M
B2C e-commerce
$9B
Banked population
80%
Credit card population
21%
E-commerce of total retail
8%
Payment method breakdown
- Card42%
- Cash10%
- Bank Transfer16%
- E-Wallet22%
- Other10%
Card scheme breakdown
- Visa4%
- Mastercard3%
- American Express0%
- Local schemes93%
- Other0%
Cross-border e-commerce
Cross-border shoppers
0%
Share of e-commerce
74%
Cross-border value (est.)
$6.7B
Featured payment methods in Saudi Arabia
Popular options based on coverage and prominence in this market.
STC pay
Digital wallet with >8M users; supports seamless checkout and transactions as low as 1 SAR
BNPL (Tabby, Tamara, Cashew)
Buy-now-pay-later services offering instalments at checkout
urpay
Digital wallet by Neoleap; 6.5M users; offers international transfers, local bank transfers via SARIE, QR payments, wallet-to-wallet transfers
All payment methods in Saudi Arabia
Discover 3 payment methods from around the world
Featured banks in Saudi Arabia
Major institutions operating in this market.
Al Rajhi Bank
Riyadh, Saudi Arabia
Al Rajhi Bank is the world's largest Islamic bank by assets and Saudi Arabia's second-largest bank, offering Shariah-compliant retail, corporate, and investment banking.
National Commercial Bank (NCB / Al Ahli)
Jeddah, Saudi Arabia
NCB (now branded SNB after merger with Samba) is Saudi Arabia's largest bank by assets, offering retail, corporate, and Shariah-compliant banking.
Riyad Bank
Riyadh, Saudi Arabia
Riyad Bank is Saudi Arabia's third-largest bank, offering retail, corporate, investment, and Shariah-compliant banking.
Arab Bank Jordan
Amman, Jordan
Arab Bank is Jordan's largest bank and one of the oldest private sector banks in the Arab world, with operations in 30+ countries.
Other Banks — Saudi Arabia
Riyadh, Saudi Arabia
Aggregate of remaining banks in Saudi Arabia, collectively ~47.3% of domestic banking assets.
All banks in Saudi Arabia
Showing 5 of 5 banks
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