Biggest international and domestic payment card schemes in Saudi Arabia 2019-2022
still dominant at POS transactions as of 2020.
Visa's market share in Saudi Arabia declined by 25 percentage points between 2020 and 2021, not making it the country's biggest payment card brand. The biggest brand is mada from the Saudi Payments Network. This local ATM and POS network used to be known as SPAN and is developed domestically to promote digital payments. Consequently, the market share of cash money in Saudi Arabia is declining - although