Users of various mobile payment apps in Saudi Arabia in 2020, with forecasts to 2025

Saudi Telecom's STC Pay wallet is expected to strengthen its domestic market position further between 2020 and 2025. Originally the digital payment segment of Saudi Arabia's largest telco operator, the business officially received a digital banking license in June 2021 - roughly 1.5 years after exiting the regulatory sandbox environment in the Kingdom meant for innovative services and products. This suggests that mobile payments are somewhat new in Saudi Arabia, although the Saudi Central Bank talks of a major increase in contactless payments: By October 2021, they said, contactless payments adoption was around 94 percent.

沙特电信公司（Saudi Telecom）的STC Pay电子钱包预计将在2020年至2025年间进一步巩固其在本土市场的地位。STC Pay原为沙特阿拉伯最大电信运营商的数字支付业务，于2021年6月正式获得数字银行牌照，此时间点距其退出沙特王国专为创新服务与产品设立的监管沙盒环境已大约过去了1.5年。此情形表明，移动支付在沙特阿拉伯尚属新兴领域；尽管沙特中央银行提及无接触支付将迎来显著增长：至2021年10月，他们指出，无接触支付的使用率已达到约94%。