Bahrain: STC pay, the pioneering mobile wallet under the STC Group, announces a strategic partnership with global payment leader Mastercard setting a path for the transformation of Bahrain’s digital payment landscape. This collaboration aims to streamline card transactions and also to enhance the overall experience for subscribers by introducing value-added benefits tailored to their lifestyles and aspirations.
Expressing enthusiasm for this partnership, Nezar Banabeela, CEO of STC Bahrain and chairman of STC pay, stated, “We are delighted to partner with Mastercard to set new benchmarks in innovation and convenience, creating an exceptional digital payment experience.”
The collaboration leverages the strengths of STC Pay and Mastercard, focusing on delivering a seamless, secure, and efficient payment journey for users. Adam Jones, Country General Manager, MENA Central at Mastercard, emphasized the company’s dedication to enhancing consumer experiences and fostering financial inclusion in Bahrain. Moreover, he explained, “Our partnership with STC Pay Bahrain will provide a seamless digital experience and foster adoption and usage of digital payments in the country.”
As part of this strategic alliance, STC Pay Bahrain plans to introduce innovative card products integrated into their mobile app. Additionally, these products are designed to meet as well as exceed consumer expectations in today’s dynamic digital era. STC pay’s integration of prepaid cards into the app enables customers to conveniently shop at various local and international retailers anytime, anywhere.
Strengthening its position as a premier mobile wallet, STC Pay provides a variety of financial services, including local and international transfers, prepaid cards, bill payments, and more. Officially licensed by the Central Bank of Bahrain, STC pay has played a vital role in providing secure, affordable, and convenient financial solutions for the low-income expat workforce.
The partnership between STC Pay and Mastercard represents a significant milestone in Bahrain’s digital payment evolution. Furthermore, this partnership introduces innovative card products for a faster, simpler, and more rewarding digital payment experience. With a focus on user experience and financial inclusion, it is poised to redefine Bahrain’s digital payment scene, setting new benchmarks for innovation and convenience.
