Advancing Bahrain’s digital payment landscape

March 4, 2024 | By Maria Medvedeva
Bahrain’s digital payments landscape is fast evolving. It’s only natural that the country’s connected consumers expect speed, convenience and security from their payment services. At Mastercard, we are dedicated to providing them with all that and more as part of our efforts to drive digital transformation and boost financial inclusion in the country.

In this context, we have strategically partnered with stc pay, Bahrain’s most innovative and accessible mobile wallet, to elevate the app users’ experience while extending value-added benefits that align with their lifestyles and aspirations.

The collaboration builds on our shared commitment to advancing Bahrain’s digital payment landscape by simplifying card transactions and creating a seamless and efficient payment journey. By combining our complementary expertise, we offer stc pay subscribers access to a comprehensive range of features that make everyday digital payments simpler, faster and more rewarding.

The partnership has also enabled stc pay to introduce new card products that not only meet but exceed consumer expectations. Integrated into the app, the stc pay prepaid cards allow customers to shop for goods and services anytime, anywhere across various local and international retailers.

Officially licensed by the Central Bank of Bahrain, stc pay is one of the Kingdom’s leading mobile wallets that provides local and international transfers, prepaid cards, bill payments and other capabilities. The company has been instrumental in connecting the country’s low-income expat workforce, previously underserved by the financial services sector, to an easy and affordable way to address their financial needs. This makes stc pay our ideal partner in fostering the adoption and usage of digital payments in Bahrain while setting new benchmarks in innovation.

Photo of Maria Medvedeva
Maria Medvedeva, Country Manager, Saudi Arabia and Bahrain, Mastercard