STC Bank | Company Profile - Revenue, Headcount, Tech Stack, Contacts
STC Bank is the first digital bank in Saudi Arabia, established by transforming the Saudi Digital Payments Company into a fully licensed local bank with a capital of SAR 2.
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STC Bank is the first digital bank in Saudi Arabia, established through the transformation of the Saudi Digital Payments Company. With a capital of SAR 2.5 billion, it became a fully licensed local bank in June 2021 and began operations in early 2022 as part of the STC Group's strategic expansion into financial technology, in alignment with Saudi Vision 2030.
The bank provides an extensive range of digital financial services, including mobile and online banking accounts, payment and wallet solutions, and seamless transaction processing. Leveraging advanced core banking technology, STC Bank manages millions of transactions daily for individuals, SMEs, and fintech enterprises. Its branchless model and integration with STC Group's telecommunications expertise enable secure and convenient banking experiences tailored for digitally savvy users.
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