STC Bank, a subsidiary of Saudi Telecom Company, has received approval from the Saudi Central Bank (SAMA) to launch fully digital banking services in Saudi Arabia.

This approval allows the bank to transition from its previous identity as STC pay, which primarily focused on digital wallet services, to offering broader banking functions.

Customers will now be able to manage their banking needs entirely online.

The bank will provide services including account opening, salary payments, fund transfers, and bill payments.