Market insight
Digital Payments Growth 2024
Card, wallet, and instant-payment volumes support fintech and retail platform economics in KSA.
Digital payments and fintech adoption accelerated with SAMA regulatory sandbox graduates, buy-now-pay-later products, and government digitisation of fees and fines. Transaction value and point-of-sale penetration support e-commerce and platform business models.
Fintech licensors coordinate with SAMA, CST, and (where applicable) capital markets rules via CMA. Map requirements through Finance & Fintech and Technology sector before launching wallet or lending products to Saudi residents.
Compliance
AML/CFT alignment with SAMA rulebooks is non-negotiable — budget compliance officers before product launch marketing.
Data source
SAMA
Official indicators and publications
