Riyadh - Sharikat Mubasher: The volume of Saudi prepaid card and digital wallet market worth $8.1 billion in 2023, and forecasted to hit $11.3 billion by 2027, marking a compound annual growth rate (CAGR) of 8.8% from $7.31 billion in 2022, the Globe Newswire’s recent report on Saudi prepaid card and digital wallet market during 2023-2027 showed.
The report, titled “Saudi Arabia Prepaid Card and Digital Wallet Business and Investment Opportunities Databook - Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend - Q2 2023 Update,” provided a detailed analysis of prepaid payment instruments, covering spend through prepaid cards and digital wallets across retail and corporate consumer segments.
It also gave a snapshot of consumer behavior and retail spend dynamics in the Saudi market, providing full insights about prepaid card and digital wallet card market dynamics.
Moreover, it provided a breakdown of retail spend across 11 categories, showing detailed insights on consumer behavior and changing dynamics of prepaid card spend.
