stc pay strengthens its digital payment offerings through a strategic partnership with Mastercard

January 15, 2024 | Manama, Bahrain

Manama, Bahrain – 15 January 2024: Bahrain’s most innovative and accessible mobile wallet for digital financial transactions, stc pay, has announced a strategic partnership with Mastercard. The collaboration is set to elevate subscribers’ experience while extending value-added benefits that align with their lifestyles and aspirations.

The partnership builds on stc pay and Mastercard’s shared commitment to advancing Bahrain’s digital payment landscape by simplifying card transactions and providing a seamless, secure, and efficient payment journey. Moreover, it will enable stc pay Bahrain to introduce new card products that not only meet but exceed the expectations of consumers in today's fast-paced digital era.

Commenting on the collaboration, Eng. Nezar Banabeela, stc Bahrain CEO and chairman of stc pay, said, "We are delighted to partner with Mastercard to set new benchmarks in innovation and convenience, creating an exceptional digital payment experience. By combining our expertise, our subscribers will have access to a comprehensive range of features and value-added benefits that go beyond traditional payment methods, making every day digital payments simpler, faster, and more rewarding."

Adam Jones, country general manager, MENA Central at Mastercard, said, “As a global pioneer in payment innovation and technology, Mastercard is dedicated to elevating consumer experience, digitizing societies and driving financial inclusion in Bahrain. Our partnership with stc pay Bahrain will provide a seamless digital experience and foster adoption and usage of digital payments in the Kingdom.”

Integrated into the stc pay app, the stc pay prepaid cards enable customers to shop for goods and services anytime, anywhere across various local and international retailers.

stc pay is one of the Kingdom’s leading mobile wallets that provides local and international transfers, prepaid cards, bill payments, offers, and more. stc pay, officially licensed by the Central Bank of Bahrain, offers financial services that are fast, secure, and easy for modern everyday life. stc pay has been instrumental in empowering the low-income expat workforce, previously unbanked by the financial services sector, with a secure, affordable, and convenient way to address financial needs.

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

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