Visa's market share in Saudi Arabia declined by ** percentage points between 2020 and 2024, causing it to lose its position as one of the leading payment card brands. The biggest brand is mada from the Saudi Payments Network, accounting for ** percent of market share as of 2024. This local ATM and POS network used to be known as SPAN and is developed domestically to promote digital payments. Consequently, the market share of cash money in Saudi Arabia is declining, although still dominant at POS transactions as of 2020.
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Worldpay, & ÌÇÐÄÆƽâ°æ. (March 27, 2026). Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Saudi Arabia from 2019 to 2024 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 26, 2026, from /statistics/1312432/biggest-card-schemes-in-saudi-arabia/
Worldpay, und ÌÇÐÄÆƽâ°æ. "Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Saudi Arabia from 2019 to 2024." Chart. March 27, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 26, 2026. /statistics/1312432/biggest-card-schemes-in-saudi-arabia/
Worldpay, ÌÇÐÄÆƽâ°æ. (2026). Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Saudi Arabia from 2019 to 2024. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 26, 2026. /statistics/1312432/biggest-card-schemes-in-saudi-arabia/
Worldpay, and ÌÇÐÄÆƽâ°æ. "Market Share of Payment Card Brands - Visa, Mastercard, American Express, or In-market Local Card Schemes - in Saudi Arabia from 2019 to 2024." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 27 Mar 2026, /statistics/1312432/biggest-card-schemes-in-saudi-arabia/
Worldpay & ÌÇÐÄÆƽâ°æ, Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Saudi Arabia from 2019 to 2024 ÌÇÐÄÆƽâ°æ, /statistics/1312432/biggest-card-schemes-in-saudi-arabia/ (last visited July 26, 2026)
Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Saudi Arabia from 2019 to 2024 [Graph], Worldpay, & ÌÇÐÄÆƽâ°æ, March 27, 2026. [Online]. Available: /statistics/1312432/biggest-card-schemes-in-saudi-arabia/
