Charge Cards in Saudi Arabia - New Study Released
Charge cards' transaction value reached SAR7.2 billion in 2013, growing by 17% on the previous year. Unlike personal charge cards, commercial charge cards witnessed growth in the number of cards in circulation. The organised culture of most companies has driven them to find a way to close their outstanding balances on a scheduled basis without paying high interest rate. Individuals in Saudi Arabia, however, are more interested in extended credit lines over longer periods, which charge cards do...
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