stc pay, Bahrain’s leading mobile wallet provider, has achieved a significant milestone by becoming the first company in the country to offer secure and efficient remittances to Alipay, China’s top digital open platform under Ant Group. This development is powered by Mastercard Move, which facilitates fast and secure international money transfers. The collaboration builds on Mastercard’s earlier connection with Alipay, marking a key step in enhancing stc pay’s portfolio of digital financial services.
This partnership aligns with the strategic business cooperation between Bahrain and China, reinforcing the growing economic ties between the two nations. The new service will benefit consumers and businesses alike by providing a reliable remittance solution, ensuring secure financial transactions between Bahrain and China. The collaboration is a testament to the shared commitment to improving financial inclusion and creating new opportunities for cross-border transactions.
Eng. Khalid Al Osaimi, Chairman of stc pay and CEO of stc Bahrain, emphasized the importance of this partnership, stating that stc pay is leveraging its strategic relationship with Mastercard to expand its digital ecosystem. The collaboration offers more flexibility and choice for both consumers and businesses, empowering customers with secure, transparent international money transfers. This move represents a crucial step in enhancing stc pay’s position as the most innovative mobile wallet in Bahrain.
Mastercard, through its extensive global network, plays a key role in enabling fast and secure cross-border payments. Onur Kursun, Head of New Payment Platforms for Eastern Europe, the Middle East, and Africa at Mastercard, highlighted that the collaboration is a significant milestone in unlocking efficient payments between Bahrain and China, furthering the goal of bringing more people into the digital economy.
Mastercard Move is a comprehensive suite of money transfer capabilities that enables both banks and non-bank financial institutions to facilitate international and domestic transfers. The portfolio supports transactions in over 180 countries and 150+ currencies, ensuring that consumers and businesses worldwide can make secure and efficient payments with ease.
As the only all-inclusive mobile wallet in Bahrain for digital financial transactions, stc pay continues to expand its offerings, enabling subscribers to manage their finances more effectively. By providing fast, secure, and efficient payment solutions, stc pay remains at the forefront of Bahrain’s digital payment revolution.
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