Mastercard Partners with KSA’s STC #

In line with KSA’s Vision 2030, STC Bank, a subsidiary of state-owned Saudi Telecom Company, announced its new partnership with Mastercard. Utilizing the power of Mastercard Move, Mastercard’s portfolio of money movement capabilities, the partnership will enable STC Bank’s customers to benefit from fast, secure, reliable, and cost-efficient digital cross-border transfers from Saudi Arabia to 120 countries.

“We are pleased to have joined hands with STC Bank to facilitate such payments experiences for STC Bank customers. With Mastercard Move, we open the door to the future of payments, enabling people and businesses to send and receive money with confidence and ease,” he stated.

Mohammad Refaie, Acting Chief Commercial Officer in STC Bank, said: “As part of our mission to serve as Saudi Arabia’s leading digital bank, we are fully committed to transforming financial services in the Kingdom and wider region.”

“Our collaboration with Mastercard has been launched with the goal of offering access to innovative cross-border payments solutions that reshape the Kingdom’s economic landscape for the better.”