stc pay - Secure digital wallet

stc pay serves as a robust and secure digital wallet that consolidates all your financial transactions into a single application. This platform not only facilitates traditional banking activities with ease but also introduces innovative functionalities aimed at addressing contemporary socio-financial trends. For example, users can utilize stc pay to transfer funds, receive payments, make purchases, and monitor their spending. Additionally, the Shared Wallet feature enables effortless sharing of expenses among family and friends by accessing your contact list, all while managing everything through your virtual account within the app.

Features of stc pay include:

Purchases: Make convenient and secure payments for your purchases at an expanding network of partners, including shops, restaurants, gas stations, and more. You can either scan the QR code presented at checkout or display your personal QR code for the cashier to scan.

Wallet to Wallet: Easily send and receive money from your contacts, be they family or friends, without any fees. All that's required is for them to set up their own stc pay account.

Bill Payment and Sawa Recharge: Effortlessly manage your stc bill payments and recharge any SAWA prepaid card directly through the app.

Local Bank Transfers: Transfer funds seamlessly to any bank account located in the Kingdom of Saudi Arabia.

International Transfers (Western Union): Safely send money to international destinations, whether depositing it directly into bank accounts or allowing it to be picked up in cash at Western Union outlets.

Card-less ATM Withdrawals: Access cash from ATMs using only your mobile device, without the need for a physical card.

Create a Shared Account: Effortlessly manage and track shared expenses among family, friends, and coworkers by inviting users from your contact list to join.

News

STC Bank showcases the latest Fintech solutions dedicated to serving Pilgrims

STC Bank showcases the latest Fintech solutions dedicated to serving Pilgrims Riyadh, Saudi Arabia – April 28, 2024: STC Bank, made a significant contribution to the Umrah and Ziyarah Forum, organized by the Ministry of Hajj and Umrah in partnership with the Pilgrim Experience Program. The three-day forum, held under the patronage of the Prince of the Madinah Region, His Royal Highness Prince Salman bin Sultan bin Abdulaziz Al Saud, with the presence of His Excellency the Minister of Hajj and Umrah, Dr. Tawfiq bin Fawzan Al-Rabiah at King Salman International Convention Center in Madinah, brought together a wide range of local and international entities interested in the Hajj and Umrah sector and related services. STC Bank emphasized its commitment and alignment to the sector within Saudi Arabia’s Vision 2030.

 The forum aims to showcase sustainable future solutions that would enhance the services provided to the pilgrims. STC Bank presented several advanced financial technologies designed to uplift the journey of Umrah performers and visitors to the two holy mosques and improve their experience in visiting the Kingdom. Additionally, the bank took part in various workshops that focused on the latest developments in digital solutions and their application in providing superior services to visitors of the Holy Mosque. The Chief Operating Officer of STC Bank, Mr. Mohammed Abdulaziz Alfraih participated in a discussion panel related to analyzing financial systems in organizing the Umrah and Hajj sector. During this session, Mr. Alfraih extensively discussed the advanced technological solutions for conducting international financial transfers specifically tailored for the Umrah and Hajj sector. Moreover, he also stressed that the advancement and improvement of digital financial measures and productive methods to simplify transactions are crucial within the company’s operating approach. 

Mr. Alfraih, The Chief Operating Officer of STC Bank said: “STC Bank is committed to providing banking and financial solutions that comply with Sharia law, all while emphasizing security and customer protection using advanced financial technologies. STC Bank’s participation enriches the Saudi banking sector by combining traditional banking services with a digital-first, customer-focused approach. This strategy not only addresses the general needs of customers but also provides tailored solutions specifically for the pilgrims.”

stc pay signs a memorandum of understanding with Single View

 stc pay has signed a Memorandum of Understanding (MoU) with Single View. The MoU was signed during stc pay’s participation in Leap 2024 as a digital banking sponsor, in the presence of Atul Choudrie, Chief Commercial Officer of stc pay, Mohammed Alfraih, Chief Operations Officer of stc pay, and Abdulrahman Alarifi, Chief Executive Officer of Single View. The MoU aims to contribute to providing banking solutions and innovative products. 

FAQ

What will happen to my stc pay account once I move to STC Bank?  

Once you move to STC Bank, your stc pay wallet will be permanently closed so you can enjoy the digital banking services and go forward! 

How much are the Visa card fees for an ATM balance inquiry ? 

The fees are 3.5 SAR for all Visa cards.  

How much are the fees for a Signature Visa card issuance? 

Annual membership fee: 500 SAR + 15% VAT Monthly membership fee: 50 SAR + 15% VAT  for digital cards only. 

How much are the fees for a Platinum Visa card issuance?  

Annual membership fee: 200 SAR + 15% VAT. Monthly membership fee: 20 SAR + 15% VAT  for digital cards only.  How much are the fees for issuing a Classic Visa card?   The first Classic Visa card is without fees. While the additional Classic card fee is 20 SAR + VAT.