NEWS RELEASE

More than a third of merchants in Saudi make the shift to eCommerce offerings amid COVID-19

  • Visa launches ‘Where You Shop Matters’ initiative in KSA with Social Development Bank (SDB) as new study finds Saudi consumers increasingly embracing digital payments over cash and check
  • New SME and Consumer study finds Saudi consumers moving to online retailers with two-thirds of consumers reporting their first eCommerce purchase during the pandemic
  • More than a third of merchants in Saudi shifted to eCommerce offerings as a direct result of COVID-19
  • Shopping habits transformed during COVID-19 with 81% of consumers visiting physical shops only when necessary, and 93% of businesses experiencing impact on revenues