| Number in Billions | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Transaction Volume (SAR) | 287.8 | 357.3 | 473.3 | 559.1 | |
| Payment method - Card Insert | 193.4 | 83.6 | 43.5 | 36.7 | |
| Payment method - NFC By Card | 85.1 | 218.8 | 301.6 | 336.0 | |
| Payment method - NFC By Mobile | 9.3 | 54.9 | 128.1 | 186.4 |
Based on the data provided, it appears that the transaction volume is expected to increase from 287.8 billion SAR in 2019 to 559.1 billion SAR in 2022. The breakdown of payment methods indicates that card insert was the most commonly used payment method in 2019, but its usage decreased significantly in 2020 and is projected to continue declining in the coming years.
On the other hand, NFC by card and NFC by mobile are projected to have a steady increase in usage, with NFC by mobile showing the most significant growth from 9.3 billion SAR in 2019 to 186.4 billion SAR in 2022. These figures suggest that mobile payments using NFC technology are becoming more popular among consumers in KSA.