The Saudi Arabia Digital Wallet Market size is valued at around USD 421 million in 2024 and is projected to grow at a CAGR of around 8.80% during the forecast period, i.e., 2023-28. The market growth would be propelled mainly by the surging usage of mobile banking apps across the country due to the increased internet & smartphone penetration. According to the Communication, Space, and Technology (CST) Commission, in 2022, Saudi Arabia witnessed a surge of about 35 million terabytes in total internet usage. In addition, it experienced approximately a 17% year-on-year increase in internet consumption rates in the same year.
Saudi Arabia Digital Wallet Market size is valued at around USD 421 million in 2024