Saudi Arabia’s stc pay, the digital payment provider service of telecommunications company stc, has launched Qattah, which it describes as an integrated service which will allow customers to easily share and track expenses with multiple people, removing the stress from splitting bills.
Through the application users will be able to equally divide the amount to be collected by specifying a percentage for each person, or by allocating the amount paid by each person separately.
The new in-app feature can be found in the list of main services. It allows users to create groups with relatives or friends with the purpose of buying a joint gift or splitting a bill. The ‘Qattah’ amounts will be automatically processed via the application, providing seamless and contactless transactions in line with the kingdom’s aim of creating a cashless society.
This new, convenient, digital way of sharing expenses is, stc pay says, in line with the goals of Vision 2030, which aims to increase digital financial transactions in Saudi Arabia to 70 percent by 2030.
Saudi Vision 2030 is a strategic framework to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation and tourism.
stc pay says it seeks to build a distinguished mobile digital banking experience for its customers, the number of which it estimates at more than 7.4 million.