Riyadh, Saudi Arabia; 17th October 2024: STC Bank, the first licensed digital bank in the Kingdom, has announced a new partnership with Salla, one of the leading e-commerce platforms in Saudi Arabia. This strategic partnership will enable it to be used as a payment method across more than 80,000 online stores powered by Salla, enhancing digital payment options for merchants and customers alike.
Salla is recognized as a dominant player in the Saudi e-commerce market, offering merchants a platform to easily create and manage their online stores by providing advanced tools for including multiple payment gateways, and catering to diverse industries and businesses of all sizes, from small startups to large enterprises, including fashion, electronics and home goods, among others.
STC Bank, which is the Kingdom’s first digital bank and combines traditional banking services with a digital-first, customer-focused approach, will now be integrated into Salla’s e-commerce infrastructure, enabling merchants to offer their customers the convenience of paying directly through their STC Bank accounts, contributing to a more streamlined digital shopping experience.
With over 80,000 merchants, this integration is expected to boost digital payments and offer more diverse payment options to online shoppers, providing convenient, fast and secure, Sharia-compliant payment solutions for businesses operating on Salla’s platform.
This partnership marks a significant milestone for STC Bank as it continues on its mission to support the digital transformation of Saudi Arabia, and is part of STC Bank’s broader strategy to strengthen its role as a leader in the Saudi digital banking space, while continuing to offer technologically-forward solutions to Saudi businesses and consumers alike.