Fintech Wallet App Development

Digital payment wallet with peer-to-peer transfers, bill payments, virtual and physical cards, and SAMA-aligned KYC and compliance — built for the Saudi fintech opportunity.

Overview

Saudi Arabia's fintech sector is exploding under SAMA's progressive regulation and Vision 2030's cashless ambitions. Digital wallets like local wallets, urpay, and Tweeq have proven the appetite — but the market is far from saturated.

SkyStack ships SAMA-aligned fintech wallet platforms with the full set of consumer features — P2P transfers, bill payments, top-ups, virtual cards, cashback — combined with the regulatory infrastructure (KYC, AML, transaction monitoring) needed to operate legally in KSA.

Every build follows SAMA's Stored-Value Facility (SVF) framework, integrates with licensed payment processors, and is designed to pass third-party security audits required for Saudi market entry.

Who it's for

• Funded fintech founders entering KSA
• Banks launching neobank or wallet sub-brands
• Telecoms expanding into financial services
• Retailers building branded loyalty wallets
• Conglomerates pursuing super app strategies

Capabilities

• P2P Transfers — Instant peer-to-peer money transfers via phone number, QR code, or username.
• Bill Payments — Pay electricity (SEC), water, internet (STC, Mobily, Zain), telecom, and government bills (Tawakkalna).
• Top-Ups — Mobile recharge, gaming credits, gift cards, and pre-paid card top-ups.
• Virtual & Physical Cards — Issue virtual debit cards instantly; offer physical cards via Visa/Mastercard partnership.
• KYC + Identity — Saudi National ID + Iqama verification via Absher / Nafath integration with face match.
• AML & Compliance — Transaction monitoring, sanction screening, suspicious activity reports, and regulatory reporting.

SkyStack — Riyadh, Saudi Arabia. AI, ERP, CRM, custom software, and mobile apps for Vision 2030 and the GCC. https://www.skystack.sa/ar/business-models/fintech-wallet