Saudi Arabia Payday Loans Market Size & Outlook, 2022-2030

The payday loans market in Saudi Arabia is expected to reach a projected revenue of US$ 150.2 million by 2030. A compound annual growth rate of 2.5% is expected of Saudi Arabia payday loans market from 2023 to 2030.
Revenue, 2022 (US$M)
$123.0
Forecast, 2030 (US$M)
$150.2
CAGR, 2023 - 2030
2.5%
Report Coverage
Saudi Arabia

Saudi Arabia payday loans market highlights

  • The Saudi Arabia payday loans market generated a revenue of USD 123.0 million in 2022 and is expected to reach USD 150.2 million by 2030.
  • The Saudi Arabia market is expected to grow at a CAGR of 2.5% from 2023 to 2030.
  • In terms of segment, storefront payday loans was the largest revenue generating type in 2022.
  • Online Payday Loans is the most lucrative type segment registering the fastest growth during the forecast period.


Payday loans market data book summary

Market revenue in 2022USD 123.0 million
Market revenue in 2030USD 150.2 million
Growth rate2.5% (CAGR from 2022 to 2030)
Largest segmentStorefront payday loans
Fastest growing segmentOnline Payday Loans
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationStorefront Payday Loans, Online Payday Loans
Key market players worldwideTitleMax, Cash Money, Check City, Mr Lender, Fast Loan, Speedy Cash Payday Advances, GAIN Credit, Cashfloat, Creditstar Group, Mr. Payday


Other key industry trends

  • In terms of revenue, Saudi Arabia accounted for 2.4% of the global payday loans market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Middle East & Africa, South Africa payday loans market is projected to lead the regional market in terms of revenue in 2030.
  • South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 231.3 million by 2030.

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Payday Loans Market Companies

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Saudi Arabia payday loans market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to payday loans market will help companies and investors design strategic landscapes.


Storefront payday loans was the largest segment with a revenue share of 53.58% in 2022. Horizon Databook has segmented the Saudi Arabia payday loans market based on storefront payday loans, online payday loans covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia payday loans market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia payday loans market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Saudi Arabia payday loans market size, by type, 2018-2030 (US$M)

Saudi Arabia Payday Loans Market Outlook Share, 2022 & 2030 (US$M)

Saudi Arabia payday loans market size, by type, 2018-2030 (US$M)

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