In 2024, electronic payments in Saudi Arabia surged to 79% of total retail transactions, up from 70% in 2023, as reported by the Saudi Central Bank (SAMA). The total number of non-cash retail transactions reached 12.6 billion, driven by an 8.83% increase in point-of-sale transactions and a 25.82% rise in e-commerce spending. SAMA is committed to enhancing payment infrastructure to support the Kingdom's Vision 2030 goals, promoting a modern and diversified payment landscape.