Saudi payments revenue to hit $28.3bn by 2031: BCG report

by gulftimes


Tue, 2022-10-18 13:41

RIYADH: Payment revenues in Saudi Arabia are expected to reach $28.3 billion by 2031, driven by revenues from current accounts, credit cards, and electronic credit transfers, according to a new report from Boston Consulting Group. 

The report noted that the compound annual growth of the Kingdom’s overall payments revenue is forecasted to be at 11.2 percent from 2021 to 2031. 

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