New Market Study, "Charge Cards in Saudi Arabia", Has Been Published
Charge cards benefits from offering what many Saudis regard as a greater degree of Sharia compliance. These cards thus attracted many high-income consumers who want the convenience of paying via financial cards and the benefits that these cards can bring without concerns over infringing the law of Islam. Consequently, charge cards saw considerably stronger growth in account volume in comparison to credit cards, with account volume rising by 21% in 2012 over the previous year and by a review...
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