Wallets · Middle East & North Africa · On request
STC Pay in Saudi Arabia
STC Pay is one of the payment methods in Saudi Arabia. Payments are made in SAR; the method supports pay-in, refund; settlement: instant; chargebacks: not possible. The payments regulator in Saudi Arabia is Saudi Central Bank (SAMA). Providers for STC Pay in Saudi Arabia in the Tranzify catalogue: HyperPay, Moyasar, PayTabs.
Key facts
- Currency
- SAR (Saudi riyal)
- Operations
- Pay-in · Refund
- Settlement
- instant
- Chargebacks
- not possible
- Payments regulator
- Saudi Central Bank (SAMA)
Providers for STC Pay in Saudi Arabia
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
Other payment methods in Saudi Arabia
| Type | Payment methods | share of e-commerce payments |
|---|---|---|
| Cards | mada | 55 % |
| Cards | Visa | — |
| Cards | Mastercard | — |
| Wallets | Apple Pay | — |
| Wallets | Google Pay | — |
| Wallets | PayPal | — |
Frequently asked questions
Which providers offer STC Pay in Saudi Arabia?+
In the Tranzify catalogue STC Pay in Saudi Arabia is offered by HyperPay, Moyasar, PayTabs. A client connects its own account with the provider as a terminal; routing and cascading between several providers are set up in the back office.
How widely is STC Pay used in Saudi Arabia?+
The catalogue has no published market share for STC Pay in Saudi Arabia; the method is listed among the country's payment methods.
Which operations does STC Pay support in Saudi Arabia?+
STC Pay supports pay-in, refund. Settlement is instant and chargebacks are not possible; the amounts are in SAR.
Who holds the licence for STC Pay in Saudi Arabia?+
Tranzify is software. The licensed client, a payment institution, an acquirer or its partner, contracts with the providers and the merchants; the platform routes the payments, records them in the journal and reports them. The payments regulator in Saudi Arabia is Saudi Central Bank (SAMA).
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