Fintech and Government Initiatives Propel Saudi Arabia’s Contactless and Mobile Payments
The Saudi Arabian digital payments market, valued at USD 1 billion in 2024 , is projected to expand at a CAGR of 13.6% between 2025 and 2032 , reaching USD 2.7 billion by 2032 . This remarkable growth is fueled by the rise in smartphone users, improved internet connectivity, robust government support, and greater adoption of digital wallets and contactless payment solutions. Download free Report Sample Now Market Snapshot (2024-2032) Parameter Data Market Size (2024) USD 1 billion Projected Market Size (2032) USD 2.7 billion CAGR (2025-2032) 13.6% Key Drivers Smartphone adoption, digital wallets, fast internet, SAMA support Download free Report Sample Now The adoption of advanced technologies such as AI and blockchain is enhancing transaction security, reducing fraud, and improving international accessibility. Furthermore, the...