stc Pay Bahrain gets officially licensed by CBB and launched as a new subsidiary of stc Bahrain

stc Pay Bahrain gets officially licensed by CBB and launched as a new subsidiary of stc Bahrain

stc Bahrain, a world-class digital enabler, commemorates 13 years of pioneering Bahrain’s journey to digital transformation and contributing to its vision of evolving into a cashless and digital economy. Leveraging the technology ecosystem to deliver intelligent and sustainable digital payment solutions, stc Pay is now launched as a new subsidiary company of stc Bahrain, officially licensed by the Central Bank of Bahrain.

An exciting milestone for Bahrain’s digital payments landscape – as stc Pay Bahrain becomes the only mobile wallet in the Kingdom providing all-in-one financial services feature for all types of transactions. Using the stc Pay Prepaid Mastercard, subscribers can pay for their goods and services both online and in-store and earn cashback instantly. With stc pay customers can also send money overseas at competitive rates. This is setting a new benchmark in fintech payment solutions that responds positively to consumers’ and businesses’ financial service needs. Furthermore, stc pay also offers “Wages Protection System compliant payroll solution” for companies which contributes to the cashless economy vision.

Furthermore, stc Pay partners with Khaleeji Commercial Bank to provide unbanked and underbanked customers access to banking services and local bank transfers which further empowers the financial well-being of the local community by bridging the