Saudi e-commerce revenues reach $4.93 billion in 2019

SourceSaudi Gazette
SectorFinancial Markets
CountrySaudi Arabia

Okaz/Saudi GazetteJEDDAH — The average e-commerce revenues in the Kingdom amounted to $4.930 billion during the year 2019, according to statistical figures compiled by the Jeddah Chamber of Commerce and Industry.The Internet usage rate reached 95.7 percent while the Internet penetration rate stood at 89.5 percent during the year, the chamber report pointed out.According to the data, the Kingdom ranked 9th in terms of improvement in e-commerce growth among Asian countries whereas its rank in the United Nations e-commerce index is 49.The figures showed that 31.3 percent of e-payments were made through different cards, more...