Saudi Arabia’s push towards a digital economy has hit a significant milestone, with electronic payments now comprising 85% of all retail transactions in 2025. The new data, released by the Saudi Central Bank (SAMA), marks a substantial increase from 79% in 2024 and underscores the rapid shift away from cash within the Kingdom.
Quick Facts
- E-payments reached 85% of retail transactions in 2025.
- Total electronic transaction volume grew to 14.6 billion.
- The shift aligns with Saudi Vision 2030 goals.
Mada and National Systems Drive Record Growth
The surge in digital payments is largely credited to the increased volume processed through national payment systems. According to SAMA, the Mada payment system was a key driver, seeing heavy use across both point-of-sale (POS) terminals and e-commerce platforms.
This growth reflects a wider trend of consumer and merchant adoption of digital payment methods for daily transactions. The total number of electronic transactions climbed to 14.6 billion in 2025, a notable rise from the 12.6 billion recorded the previous year.
Accelerating the Kingdom’s Digital Economy
The move towards a less cash-reliant society is a central pillar of Saudi Vision 2030. SAMA, in collaboration with the financial sector, has actively supported this transition by expanding payment options and developing the nation’s payment infrastructure.
The central bank confirmed it will continue to enhance the national payment framework to bolster economic activity and further integrate digital solutions into the country’s financial ecosystem.
About SAMA
The Saudi Central Bank (SAMA) is the central bank of the Kingdom of Saudi Arabia. Its functions include issuing the national currency, supervising commercial banks, managing the country’s foreign exchange reserves, promoting price and exchange rate stability, and ensuring the growth and soundness of the financial system.
Source: Zawya
