Bahrain’s premier mobile wallet for digital financial transactions, stc pay, has announced a strategic collaboration with global payment innovator Mastercard. This partnership aims to elevate the digital payment experience for stc pay subscribers while introducing enhanced benefits that align with modern lifestyles.

The alliance between stc pay and Mastercard is rooted in a shared commitment to advancing Bahrain’s digital payment landscape. By simplifying card transactions and providing a seamless, secure, and efficient payment journey, the partnership seeks to drive the adoption and usage of digital payments in the Kingdom.

Eng. Nezar Banabeela, stc Bahrain CEO and Chairman of stc pay, expressed enthusiasm about the collaboration, stating, “We are delighted to partner with Mastercard to set new benchmarks in innovation and convenience, creating an exceptional digital payment experience. By combining our expertise, our subscribers will have access to a comprehensive range of features and value-added benefits that go beyond traditional payment methods, making everyday digital payments simpler, faster, and more rewarding.”

Adam Jones, Country General Manager, MENA Central at Mastercard, highlighted Mastercard’s commitment to elevating consumer experiences and driving financial inclusion in Bahrain. Jones stated, “Our partnership with stc pay Bahrain will provide a seamless digital experience and foster adoption and usage of digital payments in the Kingdom.”

The collaboration will empower stc pay Bahrain to introduce new card products that not only meet but exceed consumer expectations in today’s fast-paced digital era. Integrated into the stc pay app, the stc pay prepaid cards will enable customers to shop for goods and services anytime, anywhere across various local and international retailers.

stc pay, officially licensed by the Central Bank of Bahrain, stands as one of the Kingdom’s leading mobile wallets. It offers a spectrum of financial services, including local and international transfers, prepaid cards, bill payments, and exclusive offers. The mobile wallet has played a crucial role in empowering the low-income expat workforce, previously unbanked by the financial services sector, by providing a secure, affordable, and convenient way to address their financial needs. The strategic partnership with Mastercard is poised to enhance these services and contribute to the continued growth of digital payments in Bahrain.