1. ReportLinker Data
  2. Financial Services
  3. Banking
  4. Payments
  5. Debit Card
  6. Direct Debit Transaction
  7. Value of Direct Debit Tr…

Value of direct debit transfers in Saudi Arabia: Raise in 2016

Compared to the previous year direct debit transfers value went up by 23.53%, according to statistics published by Bank for International Settlements. The variable rose by 0.04 billion US Dollars, as it follows the tendency of the prior year when it climbed by 13.33%. It's new all-time maximum since 2007. The overall changes for the previous 10 years reached a growth of 200%. As well as it has attained the average annual growth rate of 0.1 percent over the last 5 years with a overall increase since the start of time series. It averaged 0.13 billion US Dollars from 2007 to 2016 and it attained its minimum of 0.07 billion US Dollars in 2007.

Value of direct debit transfers in Saudi Arabia: Raise in 2016
Date Billion US Dollars Variation
2016 0.21 23.53
2015 0.17 13.33
2014 0.15 7.14
2013 0.14 7.69
2012 0.13 18.18
2011 0.11 =
2010 0.11 10
2009 0.10 11.11
2008 0.09 28.57
2007 0.07 N/A

Related Statistics

Direct Debit Transaction in other Countries

Main Debit Card Indicators

  • Debit Card Transaction

    Value (million or billion US Dollars or any other national currency) or volume (number of transactions) of payment transactions performed with debit cards, i.e. cards which enable the holder to have purchases directly charged to funds on his/her account at a bank (may sometimes be combined with another function, such as that of a cash card or cheque guarantee card). Based on: Bank for International Settlements.

  • Direct Debit Transaction

    Value (million or billion US Dollars or any other national currency) or volume (number of transactions) of direct debit transactions, i.e. preauthorised debits, possibly recurrent, of the payer' account by the payee. Both one-off and recurrent direct debits are included. In the case of recurrent direct debits, each individual payment is counted as one transaction. Payments are counted on the payee' side. Cash payments out of the account using a bank form are not included. Based on: Bank for International Settlements.

  • Number Of Debit Card

    Number of debit cards in circulation, not the number of accounts to which the cards are linked. Debit cards are understood as cards which enable the holder to have purchases directly charged to funds on his/her account at a bank (may sometimes be combined with another function, such as that of a cash card or cheque guarantee card). Based on: Bank for International Settlements.