Browsing Tag

Mada

Mada card transactions surge 13% to reach $4.04bn in June

Saudi Arabia’s e-commerce sales via Mada cards saw an annual rise of 13 percent in June to reach SR15.14 billion ($4.04 billion). Data from the Saudi Central Bank, also known as SAMA, indicates that this included online shopping, in-app…
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Business

Mada card transactions surge 28% to reach $4.32bn in May

E-commerce sales via Mada cards in Saudi Arabia surged by 28 percent annually to reach SR16.22 billion ($4.32 billion) in May. Data from the Saudi Central Bank indicates that this included online shopping, in-app purchases, and e-wallet…
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Business

Cashless payments in Saudi Arabia to rise by 7.6% in 2024

Cashless payments in Saudi Arabia are expected to surge by 7.6 percent in 2024 to SR550 billion ($146.8 billion) as compared to SR511.5 billion the previous year, a report said. The report issued by GlobalData, a London-based data…
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Business

Saudi e-commerce thrives as sales using Mada cards reach $3.76bn in February

Saudi e-commerce sales using Mada cards reached SR14.11 billion ($3.76 billion) in February – an annual increase of 25 percent, the Kingdom’s central bank has revealed. This figure includes transactions through online shopping, in-app…
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