Riyadh – Mubasher: STC Pay rolled out on Sunday the first virtual payment card for the company's digital wallet. The launch is a crucial step for stc pay particularly after it was licenced to operate as the kingdom’s first digital wallet.

The new card will contribute to the company’s strategy to provide new innovative and flawless financial services as well as payment methods for retailers and consumers inside and outside Saudi, according to a press release.

stc pay CEO, Ahmed Alenazi, considered the new stc card as one of the company’s most important products, noting that the achievement falls in line with the objectives of the financial sector development programme aimed to upgrade to a non-cash society as part of the Kingdom’s Vision 2030.

Hence, stc pay today enters a new international stage where it plays a pivotal role in the financial sector and financial technology (FinTech) space through easing customers’ experiments while empowering them to quickly and safely take control of their finances, he continued.

Last July, stc pay and Visa International signed a strategic partnership agreement to provide financial services and digital payment solutions to stc pay customers.

The collaboration was the first of its kind in Saudi in the FinTech field.

Source: Mubasher

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