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?
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