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stc pay and Mastercard launch prepaid card in Bahrain

By Delisha Fernandes

May 21, 2024

  • digital payment
  • Financial Transactions
  • fintech MENA
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STC Pay

stc pay, a Bahrain-based mobile wallet for digital financial transactions, has partnered with Mastercard to launch Mastercard World prepaid card in the Kingdom.

The collaboration combines stc pay’s expertise in mobile wallet technology with Mastercard’s proven track record in payment services to provide customers with an unparalleled digital payment experience. Moreover, the partnership ensures that the stc pay Elite card is accepted by millions of merchants worldwide.

Metin Zavrak, Chief Executive Officer of stc pay Bahrain, said, “The launch of the stc pay Mastercard Elite card marks a significant milestone in Bahrain’s digital payments landscape. It reinforces stc pay’s position as a leader in the FinTech industry, driving innovation and empowering consumers to manage their finances and enjoy premium benefits with the flexibility to select the card that best aligns with their preferences and lifestyle.”

The stc pay Mastercard Elite card, available exclusively through stc pay, introduces new flexibility by providing subscribers with the option to select either a sleek Mastercard Elite Metal card or Mastercard Elite card. This innovative offering reflects stc Bahrain’s commitment to deliver solutions tailored to the diverse needs of consumers.

Maria Medvedeva, Country Manager, Saudi Arabia and Bahrain at Mastercard, said,” At Mastercard, we are committed to harnessing the power of partnerships with disruptive FinTech players to accelerate digital transformation and drive payment innovation in the region. Our latest collaboration with stc pay will unlock access to a whole new world of benefits for Bahrain’s consumers and connect them to our global payments network that spans over 100 million merchants.”

The stc pay Mastercard Elite Card comes with a range of exclusive benefits, including unlimited cashback of up to 6%, family cards for convenient family payments, complimentary access to over 1,400 airport lounges worldwide, discounts on hotel bookings of up to 30%, comprehensive travel insurance (including medical coverage up to $500,000), and purchase protection with 180 days of complimentary insurance against theft or accident.

stc pay is the only all-inclusive mobile wallet in Bahrain for all types of digital financial transactions. With a seamless, secure, and efficient payment platform for its subscribers, the mobile wallet continues to expand its mobile wallet offerings, enabling subscribers to manage spending more effectively.

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