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New Mastercard Study Reveals Rapid Shift Toward Digital Payments in Saudi Arabia
Source: Arab News
A new Mastercard study on consumer sentiment and spending has revealed the rapid growth of online shopping, with 77 percent of consumers in the Kingdom spending more money online since the onset of the pandemic.
The study provides significant insights into how shoppers are rapidly moving away from cash and opting for contact-free and digital payment experiences. These insights are helping e-retailers and businesses in the Kingdom and across the region, to leverage the shift toward online shopping and to deliver fast, convenient and secure transactions.
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