, Saudi Arabia
240 view s
Source: Cottonbro Studio (Pexels)

Most consumers in Saudi Arabia use cards to shop online

The e-commerce market is expected to reach $15.7b, GlobalData reported. 

Most shoppers in Saudi Arabia prefer using cards when making online purchases amongst other e-commerce payment tools, GlobalData reported. 

Payment cards accounted for 34.9% of the total e-commerce purchases in 2022, whilst bank transfer accounted for 26.7%. Cash payments, meanwhile, saw a decline. 

In its E-commerce Analytics report, GlobalData projected Saudi Arabia’s e-commerce market to grow by18.4% to $15.7b in 2022. 

Read more: More Taiwanese online shoppers are using alternative payment methods

This is expected to expand by 15.3% to $18.1b in 2023 as more consumers shift to online purchases. 

“Saudi Arabia’s e-commerce market is in a growth phase, supported by the rising internet and smartphone penetration, increasing consumer confidence in online shopping, the emergence of e-commerce platforms and availability of alternative payment tools,” Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, said. 

“Furthermore, the COVID-19 pandemic accelerated the shift in consumer preference from brick-and-mortar to online channels. The growth has also been supported by consumers increasingly shopping on foreign websites, as well as international retailers introducing online stores in Saudi Arabia.”

 

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

5 major shifts in consumer behaviour to expect in 2025
Quality, functionality, convenience, and price drive purchase decisions across all trends.
Fashion industry faces uncertainty in 2025
This is amidst economic challenges, shifting consumer preferences, and global trade disruptions.
Fashion
Nestlé and Formula 1 announce multi-year partnership
It will bring KitKat branding and fan activations to select Grand Prix events.