Riyadh - Mubasher: Saudi Telecom Company (STC) has launced a new investment arm for electronic payments under the name “STC Pay”
The new company provides a digital secure wallet that empowers individuals to take full control of their finances at their fingertips- anytime, anywhere. Enabling them to send, receive, spend, and manage money simply through their phone, according to the company’s website.
On Tuesday, the STC Pay was launched as part of the kingdom’s digital transformation strategy, a vital part of Saudi Vision 2030.
STC also noted that the new company is in line with the directions of the Saudi Arabian Monetary Authority (SAMA), as digital payments will be arranged with local and global banks.
