How To Create An App Like STC Pay In 2023? ⋆ Appic Softwares

How To Create An App Like STC Pay In 2023?

Create an app like STC Pay

Do you know the annual revenue of STC pay has increased by 25% to cross SAR 1 billion in 2022? If you too are planning to create an app like STC pay and looking for the cost and the process of development then you are at the right place. Here we will be providing you with all the above-mentioned information, so do give it a read to know more. 

Content Summary

What Is STC Pay?

STC Pay is a mobile wallet and digital payment service offered by Saudi Telecom Company (STC), a leading telecommunications provider in Saudi Arabia. STC Pay allows users to make various financial transactions using their smartphones, such as money transfers, bill payments, online shopping, and more.

Features In STC Pay App

  • Money Transfer: Users can easily send money to other STC Pay users, as well as to local and international bank accounts.
  • Bill Payments: STC Pay allows users to pay various bills, including utility bills, mobile phone bills, internet bills, and more, conveniently through the app.
  • Online Shopping: Users can make secure online purchases and pay using their STC Pay wallet balance.
  • Top-Up Services: STC Pay enables users to recharge their mobile phone credit, ensuring they stay connected at all times.
  • Contactless Payments: Users can make contactless payments at supported merchants using the app, making transactions fast and secure.
  • Cash Withdrawals: In some instances, STC Pay allows users to withdraw cash from ATMs without the need for a physical debit card.
  • Rewards and Offers: Users may have access to various rewards, discounts, and offers when using STC Pay for transactions and purchases.
  • Split Bill: STC Pay provides a feature that allows users to split bills with friends or family, making it convenient for shared expenses.
  • Request Money: Users can request money from other STC Pay users, making it easy to collect owed funds.
  • Gift Money: STC Pay enables users to send money as a gift to friends or family members on special occasions or just as a kind gesture.

Cost Of Creating An App Like STC Pay

The cost of creating an app like STC Pay can vary significantly depending on several factors, including the app’s complexity, features, platform (iOS, Android, or both), the development team’s location and rates, and the development approach (in-house development or outsourcing). 

Here’s a general breakdown of the main cost components involved in developing an app like STC Pay:

  • Development Team: The largest cost will likely be the development team’s fees. This includes mobile app developers, backend developers, UI/UX designers, project managers, and quality assurance testers. The number of team members and their rates will influence the total cost.
  • App Platform: If you choose to develop the app for both iOS and Android platforms, the cost will be higher compared to developing it for a single platform.
  • Features and Complexity: The more features and complexity you want to incorporate into the app, the higher the development cost will be. For example, integrating secure payment gateways, advanced security measures, and international money transfer capabilities will add to the expenses.
  • Design and User Experience: Investing in a well-designed and user-friendly interface is essential for a payment app. 
  • Security and Compliance: Security is paramount for a payment app. Implementing robust security measures and ensuring compliance with relevant regulations will contribute to the overall cost.
  • Testing and Quality Assurance: Comprehensive testing and quality assurance are crucial to ensure the app’s reliability and functionality, which will add to the development cost.
  • Third-party Integrations: If you plan to integrate third-party services like payment gateways, banking APIs, etc., there may be additional costs associated with these integrations.

It’s challenging to provide an exact cost without specific project details, but developing a payment app like STC Pay can range from tens of thousands to several hundred thousand dollars or more.

However still here is an estimated cost of creating an app like STC pay-

Development Stages Development hours Development cost (in AED)
Analysis and Planning 2- 4 weeks AED 18,350 – AED 36,700
UI/UX Design 4- 6 weeks AED 36,700 – AED 73,400
Front-end and back-end Development 8- 10 weeks AED 110,100 – AED 220,200
API Development and Integration 6- 8 weeks AED 55,050 – AED 110,100
QA and Testing 4- 5 weeks AED 36,700 – AED 73,400
Deployment and Launch 3- 4 weeks AED 18,350 – AED 36,700
Maintenance and Support Ongoing AED 3,670 – AED 18,350 per month
TOTAL COST AED 278,920 – AED 568,850

How To Create An App Like STC Pay?

Creating an app like STC Pay involves several steps and requires a good understanding of mobile app development, payment systems, security measures, and compliance with relevant regulations. Here’s a general outline of the process:

  • Market Research and Planning: Conduct thorough market research to understand the target audience, competitors, and the specific features and services you want to offer. Create a detailed plan outlining the app’s purpose, functionalities, and overall vision.
  • Choose the Platform: Decide whether you want to build the app for iOS, Android, or both platforms. Each platform has its development requirements and considerations.
  • Design and User Experience: Design a user-friendly and visually appealing interface for the app. The design should focus on ease of use and intuitive navigation.
  • Payment Gateway Integration: Partner with a reliable payment gateway provider to handle financial transactions securely. Ensure that the chosen payment gateway complies with all necessary regulations and supports the desired payment methods.
  • Security and Compliance: Implement robust security measures to protect user data and financial transactions. Consider compliance with relevant regulations, such as PCI DSS (Payment Card Industry Data Security Standard).
  • Development: Hire a skilled development team or outsource the development to a reputable app development company. The team should consist of mobile app developers, backend developers, designers, and quality assurance testers.
  • Testing: Conduct thorough testing of the app to identify and fix any bugs or issues. Perform usability testing to ensure the app meets the desired user experience.
  • Launch: After successful testing, launch the app on the app stores (Apple App Store and Google Play Store) or other relevant distribution platforms.
  • Marketing and Promotion: Develop a marketing strategy to promote the app and reach the target audience. Utilize various marketing channels, such as social media, online advertising, and partnerships with relevant businesses.
  • User Support and Feedback: Provide excellent customer support to address user queries and issues. Encourage users to provide feedback to improve the app over time.
  • Continuous Improvement: Regularly update the app with new features, security enhancements, and bug fixes to keep it up-to-date and competitive in the market.


Remember that creating an app like STC Pay involves a complex and sensitive domain related to financial transactions. It’s essential to prioritize security and compliance throughout the development process. Additionally, seeking legal advice on regulatory matters is crucial to ensure you comply with all applicable laws and regulations.

However, if you are looking for a fintech app development company that can help you create an app like STC Pay then you should check out Appic Softwares. 

We have an experienced team of developers that can use all the latest technologies such as React, Flutter, AI, and more. 

So, what are you waiting for?

Contact us now!

Get Free Consultation Now!

    Contact Us

    Consult us today to develop your application.

      Get in touch with us

      Skype Whatsapp Gmail Phone