Saudi Arabia processes 40M digital payments daily

Saudi Arabia has experienced significant growth in electronic payment transactions in recent years, reaching approximately 14.6 billion transactions in 2025, averaging about 40 million transactions daily. This is a 108% increase compared to 7 billion transactions in 2021. This surge coincided with an increase in the share of electronic payments from the total payment operations for individuals, rising to 85% in 2025 from 57% in 2021—reflecting a consumer preference for digital methods over cash. The targeted growth rate outlined in the Financial Sector Development Program, which aimed to achieve a 70% share by 2025, was surpassed ahead of schedule in 2023. Moreover, the digital infrastructure has doubled, with widespread deployment of point-of-sale devices and financial computing, all contributing to strengthening the shift towards a digital economy in the Kingdom.