stc pay, Bahrain’s most innovative and accessible mobile wallet for digital financial transactions, is leveraging Mastercard Move to become the first company in the country offering secure and efficient remittances to Alipay, China’s leading digital open platform under Ant Group.
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This builds on Mastercard Move’s connection to Alipay earlier this year to enable fast and secure international remittances to Alipay.
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Representing a crucial step in enhancing stc pay Bahrain’s portfolio, the collaboration aligns with the strategic business cooperation between Bahrain and China. The initiative will significantly benefit consumers and businesses by providing them with a reliable remittance service, thereby enabling secure financial transactions between both countries.
Eng. Khalid Al Osaimi, Chairman of stc pay and CEO of stc pay Bahrain said, “By leveraging our strategic relationship with Mastercard and its extensive global network and services, stc pay is expanding its digital ecosystem to provide greater choice and flexibility for consumers and businesses. This collaboration demonstrates our commitment and empowering our customers with secure, transparent international money transfers.”
“Mastercard empowers consumers and businesses around the world to cross international divides with the push of a button, providing greater convenience and peace of mind. Building on our shared commitment to bringing more people into the digital economy, the collaboration with stc pay is a major milestone in unlocking fast and efficient cross-border payments between Bahrain and China,” said Onur Kursun, Head of New Payment Platforms, Eastern Europe, Middle East and Africa, Mastercard.
Mastercard Move is Mastercard’s comprehensive portfolio of money transfer capabilities that provides banks, non-bank financial institutions, direct disbursers and their customers with a variety of money transfer experiences, both domestically and internationally. The portfolio facilitates the movement of funds across over 180 countries in 150+ currencies.
Utilizing Mastercard Move’s innovative solutions, stc pay Bahrain is the only all-inclusive mobile wallet in Bahrain for all types of digital financial transactions. With a fast, secure, and efficient payment platform for its subscribers, stc pay Bahrain continues to expand its mobile wallet offerings, enabling subscribers to manage spend more effectively.
About stc pay Bahrain
Since entering Bahrain’s telecom market, stc Bahrain has become the market leader. stc Bahrain has also positively impacted the telecommunications market by changing the way it does business and has been at the forefront of innovation by launching the latest high-tech devices first, along with having introduced a comprehensive Wholesale and Enterprise portfolio with national and international services. Through its HSPA+ network upgrade in 2011, stc pay Bahrain became the first operator in Bahrain to provide speeds of up to 42 Mbps to its broadband subscribers and to test successfully and showcase its 4G/LTE network in early 2012, officially launching 4G/LTE services to customers in January 2014.
