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: Rise in 2017

According to new numbers announced by Bank for International Settlements, in comparison to the same time an year ago direct debit transfers value climbed by 14.29 percent. The variable grew by 0.03 billion US Dollars, as it follows the tendency of the previous year when it rose by 23.53 percent. It's the highest number ever observed since 2007. Saudi Arabia saw a growth of 242.86% in direct debit transfers value during the last 11 years. Moreover, it has attained an increase at a 0.11% CAGR during the last 5 years with a overall raise since the 2007. It averaged 0.14 billion US Dollars from 2007 to 2017 and it hit its minimum of 0.07 billion US Dollars in 2007.

Value of direct debit transfers in Saudi Arabia: Rise in 2017
Date Billion US Dollars Variation
2017 0.24 14.29
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

Related Statistics

Direct Debit Transaction in other Countries

Main Debit Card Indicators

  • 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.

  • 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.

  • 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.