Value of cash withdrawals from EMI digital wallets in Saudi Arabia 2018-2022
In 2022, the value of cash withdrawals from electronic monetary institutions (EMI) digital wallets in Saudi Arabia had reached eight billion Saudi riyals, up from just 253,000 SAR in 2018. Between 2018 and 2022, the value of cash withdrawals from EMI digital wallets considerably increased, and year-over-year digital wallet cash withdrawals were consistently higher over previous years.