All countries
Payment methods in Saudi Arabia
Here are the top takeaways you need to know about the Saudi Arabian e-commerce market:
- 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
Online Population
B2C E-commerce
Banked Population
Credit Card Population
E-commerce of Total Retail
Payment Method Breakdown
- Card 42%
- Cash 10%
- Bank Transfer 16%
- E-Wallet 22%
- Other 10%
[{"label":"Card","value":"42"},{"label":"Cash","value":"10"},{"label":"Bank Transfer","value":"16"},{"label":"E-Wallet","value":"22"},{"label":"Other","value":"10"}]
Card Scheme Breakdown
- Visa 4%
- Mastercard 3%
- American Express 0%
- Local schemes 93%
- Other 0%
[{"label":"Visa","value":"4"},{"label":"Mastercard","value":"3"},{"label":"American Express","value":"0"},{"label":"Local schemes","value":"93"},{"label":"Other","value":"0"}]
Cross-Border E-Commerce
N/A
Online shoppers who have shopped cross-border
74
Cross-border proportion of total e-commerce
6.7 bn
$US
Value of cross-border e-commerce
Top cross-border shopping origin markets