stc pay Bahrain leverages Mastercard to secure payments to China’s Alipay

By Gloria Mathias

stc pay, Bahrain’s innovative and accessible mobile wallet for digital financial transactions, has chosen Mastercard Move to offer secure and efficient remittances to Alipay, China’s digital open platform under Ant Group.

This builds on Mastercard Move’s connection to Alipay earlier this year to enable fast and secure international remittances to Alipay.

Enhancing stc pay’s portfolio, the collaboration aligns with the strategic business cooperation between Bahrain and China. The initiative will 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 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 empowers 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.

Utilising Mastercard Move’s solutions, stc pay 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 continues to expand its mobile wallet offerings, enabling subscribers to manage to spend more effectively.