Charge Cards in Saudi Arabia: Revenue, Opportunity, Segment and Key Trends

Marketreports26 Dec, 2019Business

Charge cards continued to register further declines in the number of cards in circulation and transactions value in 2019. The category is already far smaller than either debit cards or credit cards. Moreover, charge cards now faces even stronger competition from debit cards and credit cards. In particular, the development of more sophisticated types of credit cards by the leading retail banks in Saudi Arabia presents a strong challenge to charge cards. Charge cards have traditionally been used t…