Company Information

Get to know stc pay

Launched in 2018 by stc Group, stc pay is a leading digital financial services company headquartered in Saudi Arabia. Initially a digital wallet, it became the first fintech unicorn in Saudi Arabia and the first licensed "Digital Bank" in the Kingdom by the Saudi Central Bank (SAMA). The company's mission is to provide innovative, secure, and seamless financial services to individuals and businesses, driving the nation's transition towards a cashless society in line with Saudi Vision 2030. It offers a comprehensive suite of services including local and international transfers, bill payments, card services, and a marketplace.

Industry

Financial Electronic PaymentPRIMARY
Financial Banking
Financial Other Service

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stc pay

Saudi Arabia

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.