STC Bank Recognized as Best Digital Bank in Saudi Arabia

STC Bank has been awarded the title of the “Best Digital Bank in Saudi Arabia” at the second edition of the Best in Business Awards, organized by Inc. Arabia Magazine in Riyadh.

STC Bank started off as a wallet in 2018 and serviced 14 million users before it launched as a full-fledged bank earlier this year. It saw 2 million users shift from its earlier wallet version to its banking version in just 3 months, witnessing unmatched customer loyalty.

STC Bank’s broader mission since its incorporation has been to build a banking experience that is not only digital and efficient, but also rooted in the behaviors, needs and expectations of Saudi society, and it is through such innovations that STC Bank continues to shape the future of financial interaction in the Kingdom for a large number of the Kingdom’s tech-savvy and young population.

Today, users across Saudi Arabia are used to the ease that STC Bank has brought about with it and the solutions innovated by STC Bank continue to see its popularity rise among corporate and retail banking customers across various segments of Saudi society. 

The Best in Business awards saw its inaugural edition last year in Dubai before it moved to Riyadh this year. Organized by Inc. Arabia Magazine, a platform that is highly regarded by more than 150M+ of its readers who are founders and entrepreneurs across the GCC, the Best in Business Awards highlight and recognizes the most successful companies in each field.