The company completed more than 15 million transactions, with revenues exceeding 500 million dinars
– Keeping pace with customer requirements through the comprehensive and innovative services that stc Bahrain provides
stc Bahrain celebrated the pioneering journey of stc pay, its wholly owned subsidiary, and the remarkable achievements it has achieved in terms of driving growth and innovation for the financial technology sector in the Kingdom of Bahrain, as the number of downloads of the stc pay application exceeded three hundred thousand times, through which it accomplished more than From 15 million transactions, with revenues exceeding 500 million Bahraini dinars last year, which helped bring about a qualitative shift in the field of digital payment in the Kingdom, and also strengthened stc Pay’s journey as the most innovative and easy digital wallet for all financial transactions.
stc Bahrain has always been keen to revolutionize the digital financial scene in the Kingdom and enrich the experience of its individual and business customers by offering the stc pay wallet as an integrated digital platform that provides smooth, safe and efficient payment solutions for various financial transactions, and keeps pace with increasing customer requirements through the comprehensive and innovative services it provides.
In this regard, Engineer Nizar Banabila, CEO of stc Bahrain and Chairman of the Board of Directors of stc Pay, said: “We are happy with the achievements that stc Pay has achieved in one year, and their achievement would not have been possible without the support we received from the Central Bank of Bahrain, the Board of Directors of stc Pay. Bahrain Economic Development, the Labor Fund (Tamkeen), and our partners Khaleeji Bank and MasterCard, as well as our valued customers.”
He added: “stc pay places comprehensiveness at the core of its business, by offering an integrated set of digital solutions that are not only innovative, but also safe and easy. Our keenness to provide one integrated platform for all transactions reflects our commitment to adopting the latest technology and payment. “We are continuing to increase investment in developing stc pay and our infrastructure, and enhancing the spirit of innovation by diversifying our products and services to extend beyond the telecommunications sector.”
stc Pay continues its journey towards expanding the solutions provided through its digital wallet, allowing its customers to manage their money efficiently and effectively. Among the latest products and services are two prepaid credit cards, in cooperation with MasterCard: The first is the Elite Card, which is accepted all over the world, and which allows its holders to enjoy exceptional benefits that include access to airport lounges, additional cash back, and travel discounts of up to 50%. %. The second is the Family Card, which allows its holders to add five family members with the ability to use them at any time and place and enjoy cash back offers. stc pay has also enhanced its contactless payment methods by including (Apple Pay), (Samsung Pay), and (Google Pay) in its wallet, allowing customers to complete their payments via their smartphones with complete ease.
In addition to providing the “Fawry” and “Fawry Plus” services, which allow customers who do not deal with banks or do not have bank accounts the ability to access banking services and local bank transfers, as well as the “Fawateer” service for making bill payments. In addition, stc pay has expanded its network of countries covered by international transfer to more than 50 countries with the best exchange rates, providing an easy and efficient way to transfer international funds, all through just one digital platform.
In addition to the above, the cashback offers in the digital wallet have been improved to allow subscribers to exchange their points for a wide range of valuable rewards and benefits, including gift vouchers, bill payments, airline miles, devices, and donations to charities.
#Bilad #newspaper #stc #Bahrain #celebrates #stc #Pays #pioneering #role #driving #growth #innovation
