Mastercard New Payments Index: Consumer Appetite in Saudi Arabia for Digital Payments Takes Off

Mastercard New Payments Index: Consumer Appetite in Saudi Arabia for Digital Payments Takes Off

As the world went into pandemic lockdown in 2020, consumers shifted their spending habits to embrace contactless tap-and-go payments and online shopping. As stores closed and social distancing took hold, retailers worldwide moved their businesses online, embraced e-commerce and explored the potential of new ways to pay. More than a year later, research from Mastercard shows that the adoption of new payment technologies is rising, and consumer appetite for new, fast, and flexible digital experiences continues to grow.

 

The Mastercard New Payments Index shows 94% of consumers in Saudi Arabia will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in the next year.