Wallets · On request
STC Pay
STC Pay is the digital wallet launched in 2018 by stc, Saudi Arabia's main telecom operator, under a licence from the Saudi Central Bank (SAMA), which in 2021 approved its conversion into stc bank. Online the payer gives the phone number tied to the wallet, confirms the one-time code sent to the STC Pay app, and the amount in riyals is debited instantly. There are no chargebacks, refunds go back to the wallet, and in the catalogue a Tranzify client enables it on request.
Key facts
- Countries
- Saudi Arabia
- Currencies
- SAR
- Operations
- Pay-in · Refund
- Settlement
- instant
- Chargebacks
- not possible
How a payment goes through
- 1The checkout opens the wallet app or shows its button
- 2The payer confirms in the app with a PIN or biometrics
- 3The wallet confirms the payment to the provider within seconds
- 4Webhook to the merchant; a refund goes back the same way
How a payment goes through
- The checkout shows STC Pay and asks for the payer’s mobile number, or opens the app on the phone.
- The payer confirms with the one-time code from the STC Pay app.
- The wallet debits the amount in riyals; the provider confirms instantly.
- Tranzify writes the result and calls the merchant’s webhook.
STC Pay against mada in Saudi Arabia
| STC Pay | mada | |
|---|---|---|
| What it is | a digital wallet by stc, since 2018 | the national debit card scheme |
| Payer needs | the STC Pay app and a Saudi mobile number | a Saudi bank debit card |
| Confirmation | one-time code in the app, instant | 3-D Secure, authorisation in seconds |
| Settlement | instant | T+1 |
| Chargebacks | none | scheme rules |
| Recurring charges | no | yes, by token |
| Refunds | yes, to the wallet | yes, to the card |
Payouts and refunds
Refunds return to the payer’s wallet, in full or in part, through the provider that took the payment. Payouts and recurring charges are not part of STC Pay: a merchant that needs subscriptions in Saudi Arabia routes them to mada.
Who uses it
E-commerce and delivery for everyday purchases paid from the wallet, digital goods for top-ups and in-app purchases, travel for bookings paid without a card.
How to connect
- 1Onboard with Tranzify and get your network, keys and back office.
- 2Enter your account with the provider in the terminal settings — Tranzify already speaks its API.
- 3Add routing rules: countries, currencies, amounts, BIN ranges, priorities and weights.
- 4Go live. Every payment, callback and retry is in the journal for five years.
Providers offering this method
Industries
Frequently asked questions
How does the payer confirm an STC Pay payment?+
Are refunds and payouts possible?+
Who is the licensed party?+
Related methods
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