Money & BusinessSaudi ArabiaTech & Telecoms

Saudi: 95% of people report surge in digital payments in 2021

Ninety-five percent of respondents from Saudi Arabia reported an increase in their use of e-wallet and mobile banking in 2021, according to the Kaspersky Digital Payment survey.

70% report that they only started using online payments services during the pandemic. Online payment services helped 58% of the respondents to maintain social distancing. 90% of those surveyed intend to use Internet banking and e-wallet services more often even after the end of the pandemic. 86% of those surveyed appreciated the ability to pay whenever and wherever they are. 54% also stated that Internet banking and mobile wallet services make it easier to manage financial information.

Another factor that closely correlates to the popularity of digital payment services is the decrease in financial malware attacks in Saudi Arabia by 64% in 2021 compared to 2020 according to Kaspersky experts. The country also saw an increase in financial malware attacks on Android devices by 30% in 2021 compared to 2020.


Saudi Gazette
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