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Saudi Arabia Payments Industry Outlook 2022 - 2026

See how Saudi Arabia Payments performed compared to key markets such as the United States, China and Brazil.

Key Market Indicators

The number of payment terminals in Saudi Arabia is expected to reach 3.9 billion by 2026. This is an increase of 2.8% per year from the current 3.3 billion in 2021. Since 2012, the number of terminals has grown 4.6% year on year. In 2021, Saudi Arabia ranked 19th, behind Belgium with 3.3 billion units. China, Brazil and the United Kingdom took the top three spots in the ranking. Payment transactions in Saudi Arabia are set to reach $14 trillion by 2026, up 0.2% year on year. From 2012, demand has risen 2.4% annually. In 2021, Saudi Arabia came in 12th place, behind Mexico with $14 trillion. The United States, the United Kingdom and Germany took the top three spots.

Saudi Arabia Payments Market Data and Forecasts

How much will Saudi Arabia Payments Market grow to 2026?

Forecast: Number of ATMs (Automated Teller Machines) in Saudi Arabia
  • Units (ATM) Per Hundred Thousand Persons
  • 2023 to 2027
  • ReportLinker Research
Forecast: Number of Cards with a Debit Function in Saudi Arabia
  • Thousand Units
  • 2023 to 2027
  • ReportLinker Research
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