A mainstream Saudi e-wallet covering transfers, bills, merchant payments and international remittance, with virtual and physical cards. Heavily used by expatriate workers and residents.
!Not a bank. STC Pay operates as an e-wallet licensed by SAMA, the Saudi central bank; balances are e-money, not bank deposits; wallet balances are e-money / stored value, NOT deposits, and are outside deposit-insurance protection. Funds are safeguarded in segregated / trust accounts under the applicable rules, not covered by any deposit guarantee scheme.
Yes. You need a Saudi mobile number and a residence permit (IQAMA) or passport for verification. Visitors can try registering with a passport, with fewer features and lower limits than IQAMA holders.
No mandatory minimum; an initial top-up of SAR 50–200 is typical｜In-wallet transfers and spending are usually free; international remittance and cross-border transactions are charged per transfer.
Limits scale with verification tier; passport-registered accounts have lower caps, raised after IQAMA verification. Check the app. Balances are not deposits and are not deposit-insured.
Yes. You need a Saudi mobile number and a residence permit (IQAMA) or passport for verification. Visitors can try registering with a passport, with fewer features and lower limits than IQAMA holders.
Local bank account: Not required — you can link a card or top up with cash. Items typically needed: A Saudi mobile number; IQAMA residence permit or passport; A smartphone for face verification.
Typically: A Saudi mobile number; IQAMA residence permit or passport; A smartphone for face verification.
How to sign up: Fully online — register with a Saudi number and IQAMA or passport (About 10–20 minutes; verification usually same-day). Steps: 1) Download the STC Pay app 2) Register and verify with your Saudi number 3) Upload your IQAMA or passport for verification 4) Link a card or top up with cash 5) You can now transfer, pay bills and remit Fees: In-wallet transfers and spending are usually free; international remittance and cross-border transactions are charged per transfer.
Limits scale with verification tier; passport-registered accounts have lower caps, raised after IQAMA verification. Check the app. Balances are not deposits and are not deposit-insured.
E-wallet rules change often — always follow the latest instructions in the official app.