Saudi Arabia’s payment landscape in 2026 is shaped by Mada, the national payment scheme, at the center of a rapidly evolving fintech ecosystem. Mada accounts for around 60% of transaction volume, reflecting the Kingdom’s shift toward a more cashless economy. For merchants, integrating Mada is key to reaching consumers, capturing high-value transactions, and aligning with Vision 2030.
*Data is for Codapay in the period of 1st Oct 2024 - 30th Sep 2025
Android users
iOS users
Credit & Debit Card ownership
App downloads in 2025
App revenue (USD) in 2025
Saudi Arabia’s financial ecosystem is undergoing significant digital transformation, driving widespread adoption of e-wallets and mobile payment solutions including Apple Pay.
Credit & Debit cards have high penetration in-market, boosting the effectiveness of this channel, particularly with Mada’s strong presence.
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