stc pay, Bahrain’s leading mobile wallet for digital financial transactions, has partnered with Mastercard Move to become the first company in the country to offer secure and efficient remittance services to Alipay, China’s premier digital open platform under Ant Group.
This collaboration builds on Mastercard Move’s recent integration with Alipay, allowing for fast and secure international remittances to the platform. This initiative is a key enhancement to stc pay’s service portfolio, aligning with Bahrain’s growing strategic business relationship with China. The partnership promises to benefit consumers and businesses alike by providing a reliable remittance service that enables secure financial transactions between both nations.
Eng. Khalid Al Osaimi, Chairman of stc pay and CEO of stc Bahrain, said, “By leveraging our strategic partnership with Mastercard and its vast global network, stc pay is expanding its digital ecosystem. This collaboration gives consumers and businesses greater choice and flexibility, demonstrating our commitment to empowering customers with secure, transparent international money transfers.”
Onur Kursun, Head of New Payment Platforms for Eastern Europe, the Middle East, and Africa at Mastercard, added, “Mastercard empowers consumers and businesses worldwide to bridge international gaps with ease. Our collaboration with stc pay marks a significant milestone in unlocking fast and efficient cross-border payments between Bahrain and China, aligning with our shared goal of bringing more people into the digital economy.”
Mastercard Move is a comprehensive portfolio of money transfer solutions designed to provide banks, non-bank financial institutions, and direct disbursers with a variety of domestic and international money transfer options. The platform facilitates the movement of funds across more than 180 countries and 150+ currencies.
With the use of Mastercard Move’s innovative solutions, stc pay is now the only all-inclusive mobile wallet in Bahrain offering a wide range of digital financial transactions. Through its fast, secure, and efficient payment platform, stc pay continues to expand its offerings, enabling subscribers to manage their spending more effectively.
