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stc pay
Saudi Arabia
2018 (7 Years)
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4.33
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know stc pay
Company Information
Get to know stc pay
In harmony with the Kingdom’s Vision 2030 to progress and diversify digital services, stc pay, a subsidiary of stc Group, is meant to become a pioneering service of the futuristic wave that enables new endeavors and unlocks new possibilities. We share a future vision with customers and businesses to provide new and innovative technologies and digital experiences. Using stc powerful network, we are able to better connect merchants with their customers through our secure digital wallet solution, stc pay, to empower both sides to complete their transactions quickly, easily, and securely. stc pay is an integrated payment application that covers your daily needs.
Industry
- Financial BankingPRIMARY
- Financial Other Service
- Financial Payment
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