B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Dated
76%
76% -- ecommerce payment transaction growth rate for Saudi Arabia digital payments (2023)
Online (e-commerce) payments via the Saudi Payments Network (Mada) grew by 76%, reaching 610 million transactions, according to a 2023 SAMA announcement.
Attribution:
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Lighthouse Research Team
Last verified:
·
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Source verified
Evidence graded
Value
76%
Unit
Percentage
Data Vintage
2023
Entity
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
75
Source Trust
60
Citation Chain
60
Independence
30
Methodology
45
Freshness
95
Source
Saudi Central Bank (SAMA)
Primary
Tier B
https://blog.brankas.com/inside-saudi-arabia-open-finance-revolution/ ↗
Source Article
#BrankasInsight: Inside Saudi Arabia’s Open Finance Revolution
The financial world is rapidly shifting because of digitalization, and traditional credit scoring methods are being challenged and reinterpreted. Historically, banks have relied heavily on conventional data sources such as credit history, loan repayments, and income levels to assess an individual’s …
Original Research
Saudi Central Bank (SAMA)
· Original study ↗
Methodology
SAMA official announcement, cited by Brankas blog
Methodology documented
Segmentation
Industrymarketing
Cite this stat
Plain Text
Saudi Arabia digital payments: 76% ecommerce payment transaction growth rate. Source: Saudi Central Bank (SAMA) (2023). Via Lighthouse Intelligence -- https://lighthousedata.io/data/saudi-ecommerce-payments-growth-2023
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<blockquote cite="https://lighthousedata.io/data/saudi-ecommerce-payments-growth-2023" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>76%</strong> -- ecommerce payment transaction growth rate for Saudi Arabia digital payments<br><small>Source: Saudi Central Bank (SAMA) (2023) · <a href="https://lighthousedata.io/data/saudi-ecommerce-payments-growth-2023" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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