Saudi Arabian Payment Options
Online Payment Trends in Saudi Arabia
Saudi Arabia’s eCommerce market is growing quickly and saw a 43% increase between 2013 and 2014, according to Visa. Most of the nation’s eCommerce growth is due to its high credit card penetration rate; however many credit card users in Saudi Arabia are hesitant to use their cards online due to privacy concerns. Roughly 14% of the Saudi Arabian population pays with credit cards, while nearly 80% prefer using prepaid cards for online purchases.
Payment Types by Market Share
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