Digital payments are rapidly reshaping how consumers in Saudi Arabia choose to pay, with more people embracing faster, safer, and more convenient digital experiences. Visa’s third edition of the Where Cash Hides report shows that 67% of Saudi consumers are now largely non-cash users, relying mainly on cards or mobile devices. This marks a 4% increase from last year, underscoring a steady shift away from cash.
Cash usage continues to decline across everyday spending. Nearly one in four consumers still use cash for daily purchases, but traditionally cash-heavy categories are seeing sharp drops, including eating out (-9%) and bill payments (-8%). For routine transactions such as dining, settling bills, and in-store groceries, digital and mobile payments are increasingly becoming the preferred options.
Cash remains most prevalent in peer-to-peer transactions. Tips are still paid in cash by 39% of consumers, followed by 28% for transfers to family and friends and 14% for rent payments. These areas highlight where further digital adoption opportunities remain.
Ali Bailoun, Visa’s Senior Vice President and Group Country Manager for Saudi Arabia, Bahrain, and Oman, said the progress reflects coordinated efforts across banks, fintechs, merchants, and technology partners in alignment with Vision 2030. As consumers experience the speed and security of mobile and card payments, expectations naturally shift toward quick, seamless, and trusted options.
The report highlights the advantages of digital payments over cash. Cards provide security, convenience, and transparency, reducing the risks associated with carrying physical money while enabling smooth online and in-store transactions with instant records for budgeting. Mobile payments enhance this further through tokenization, which replaces sensitive card details with secure digital identifiers.
Credit cards also offer rewards, cashback, and lifestyle benefits, increasing their appeal both locally and abroad. Together, these factors are accelerating Saudi Arabia’s transition toward a more cashless economy.
