STC Pay / Urpay: Who Qualifies and What You Get
Learn how digital wallet services work for payments and international transfers for residents in Saudi Arabia.
These are digital wallet services that allow you to manage your money and perform various financial transactions directly from your smartphone. They provide a digital alternative to traditional banking for many day-to-day needs.
Who it's for
These digital wallet services are designed to be accessible to a wide range of people. Specifically, the service is available to all residents living in Saudi Arabia, allowing you to manage your finances digitally regardless of your specific employment or background.
What you get
When you use these digital wallets, you gain access to several key financial tools. You can perform digital payments to settle various costs and make international transfers to send money to other countries. These tools are intended to make managing your funds more efficient through your mobile device.
What it costs you
Using these services is not entirely free. While there is no single flat fee mentioned for simply having an account, transaction fees vary. You will encounter different costs depending on the specific action you are taking, such as the type of digital payment you are making or the specific details of an international transfer. You should check the current rates within the app before completing a transaction.
The catch to know
The most important requirement for using these services is the identity verification process. You cannot simply sign up with an email address; you must verify your identity through the Absher system. This is a mandatory security step to ensure that all users are authenticated through official government channels.
How to apply
- Download the official app for the specific digital wallet you wish to use onto your smartphone.
- Enter your personal details as prompted by the application setup.
- Complete the required identity verification through the Absher system to secure your account.
- Once your identity is verified, you can fund your digital wallet to begin using the payment and transfer features.