Saudi Arabia: value of SADAD transactions through EMI digital wallets 2022

In 2022, the total value of transactions conducted with SADAD through electronic monetary institutions (EMI) digital wallets in Saudi Arabia stood at 2.7 billion Saudi riyals. In the period between 2020 and 2022, the value of transactions with SADAD rose drastically each year.

Total value of SADAD transactions though electronic monetary institutions (EMI) digital wallets in Saudi Arabia from 2020 to 2022 (in million Saudi riyals)

Characteristic	Value of transactions in million Saudi riyals
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Release date

September 2023

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Region

Saudi Arabia, MENA

Survey time period

2020 to 2022

Supplementary notes

According to the Annual Fintech Report 2022, "SADAD is a national billing system that is owned by SAMA, and enabled by Saudi Payments.", SADAD has partnerships with local banks and other non-banking financial institutions.

1 SAR (Saudi riyals) equals approximately 0.27 U.S, dollars and 0.25 euros (as of November 2023).

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