RIYADH: E-commerce spending in Saudi Arabia via mada cards surged to a record monthly high in October, exceeding SR30.7 billion ($8.18 billion).
The increase marked a 68 percent year-on-year rise, or about SR12.4 billion more than the SR18.3 billion recorded in October 2024, according to the statistical bulletin of the Saudi Central Bank, known as SAMA.
E-commerce sales in the third quarter of 2025 reached SR88.3 billion, up 15.2 percent from the previous quarter, an increase of around SR11.6 billion from SR76.6 billion in the second quarter.
On a month-on-month basis, e-commerce sales in October rose 6 percent, gaining roughly SR1.6 billion from September’s total of SR29.1 billion.
From January to October, mada data showed e-commerce sales climbed 47.3 percent, rising by about SR9.9 billion from the SR20.9 billion recorded in January.
The series tracks e-commerce transactions conducted via mada cards, including online purchases, in-app payments and e-wallet checkouts, while excluding transactions processed through credit card networks.
