Riyadh – STC Bank was honored with the title of “Best Digital Bank in Saudi Arabia” at the second edition of the Best in Business Awards, organized by Inc. Arabia Magazine. The ceremony took place in Riyadh, marking the event’s move from its inaugural edition in Dubai last year.
STC Bank’s journey began in 2018 as a digital wallet, serving 14 million users before evolving into a full-fledged bank earlier this year. Within just three months of the transition, 2 million users migrated from the wallet to the banking platform, demonstrating remarkable customer loyalty.
Since its incorporation, STC Bank’s mission has been to craft a banking experience that is digitally advanced, efficient, and tailored to the behaviors, needs, and expectations of Saudi society. Through continuous innovation, the bank is shaping the future of financial interactions for the Kingdom’s large, tech-savvy, and youthful population.
Today, STC Bank’s user base spans across Saudi Arabia, gaining widespread popularity for the ease and innovative solutions it offers. Its services cater to both corporate and retail customers, encompassing various segments of Saudi society.
The Best in Business Awards, organized by Inc. Arabia Magazine—a platform trusted by over 150 million founders and entrepreneurs across the GCC—recognizes and celebrates the most successful companies in their respective fields.
