The Kingdom of Saudi Arabia is the largest Arab state in Western Asia by land area. Link to external site : Website for Saudi Arabia |  |
| Wallets | |
| Development | Developed |
| Send or Receive |
Send Register/Log In |
| GDP ($m) |
381,682.78 Register/Log In |
| HDI classification | High |
| Mobile Connections (m) |
59.149 Upgrade to Bronze |
| Currency | SAR |
| Class | |
| CountryISO | SA |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"PieChart","data":[["Operator","Connections"],["STC (Saudi Telecom)",25978319],["Mobily",23032657],["Zain",9918847],["Bravo (PTC)",219045]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",1229300],["Q4 2001",2500000],["Q4 2002",5000000],["Q4 2003",7200000],["Q4 2004",9076451],["Q4 2005",15711806],["Q4 2006",19868191],["Q4 2007",28391841],["Q4 2008",36059212],["Q4 2009",44717539],["Q4 2010",52850402],["Q4 2011",59006076],["Q4 2012",63249470],["Q4 2013",66025081],["Q4 2014",67742409]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["ATM",1],["Location",1],["Mobile",3],["POS",1],["Web",3]],"options":{"title":"Initiatives ( 4 of 4 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",2],["Bank",1],["PSP",1]],"options":{"title":"Initiatives ( 4 of 4 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["DB",1],["OB",1],["OP",2]],"options":{"title":"Initiatives ( 4 of 4 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BP",2],["MB",1],["MP",1],["OB",2],["OP",3],["PC",1]],"options":{"title":"Initiatives ( 4 of 4 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",2],["Card",2],["Cash",1],["PC",1]],"options":{"title":"Initiatives ( 4 of 4 )"}} |
| Central Bank | |
| Key Regulations | |
| Type of law |
Religious Upgrade to Bronze |
| Legal System |
Islamic (sharia) legal system with some elements of Egyptian, French, and customary law; note - several secular codes have been introduced; commercial disputes handled by special committees Upgrade to Bronze |
| Law is based on | |
| Approach | |
| Sectors active in Digital Money |
NonBank Upgrade to Bronze |
| Exclusivity | |
| Certainty |
Medium Upgrade to Bronze |
| Openness |
Medium Upgrade to Bronze |
| Proportionate? | |
| Allowed Models |
Bank Led Upgrade to Bronze |
| DominantModel |
| E-Money | |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",164.68],["Banked",62],["Internet",26],["Urban",83],["Adult",67],["Literate",84.9525]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 24.20 |
| Adult % | 67.00 |
| Migrants % |
26.00 Register/Log In |
| Stock Immigrants ('000) |
7,288.90 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) | |
| Internal Migration Rate % | |
| Intl Movement Rate % |
24.80 Upgrade to Bronze |
| Urban % | 83.00 |
| Female % | 30.10 |
| Literate % | 84.95 |
| Annual Growth % |
10.20 Upgrade to Bronze |
| Mobile Penetration % | 164.68 |
| Banked % | 62.00 |
| Access to FS % | 0.00 |
| Internet % | 26.00 |
| Branches per 100k adults | 0.00 |
| ATMs per 100k adults | 0.00 |
| POS per 100k adults | 0.00 |
| Prepaid % | 79.30 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 9.19 |
| Monthly ARPU |
25.63 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Medium Term Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets |
STC interested-regulatory bank needed Upgrade to Bronze |
| Informal Market | |
| Cost To Remit | |
| Key Players |