Consumer credit in Saudi Arabia is expected to rise significantly over the forecast period, with education lending leading the way. This will be the result of increased Saudization and greater female participation in the workforce, motivating young people to pursue higher education.
Card lending in Saudi Arabia is poised for significant growth, driven by the ongoing digital transformation and the rise of e-wallets. A key component of the Kingdom’s Vision 2030, which focuses on advancing the digital payments landscape, will support the continued expansion of card lending.
The rise of fintech start-ups and their innovative solutions is accelerating consumer lending in Saudi Arabia, alongside the increased availability of loans offered by banks through their online platforms. The Saudi government's strong commitment to advancing digital payments and financial efficiency has been instrumental in this growth.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Saudi Arabia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Saudi Arabia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsThis report originates from Passport, our Consumer Credit research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!