CBB licenses stc pay Bahrain as payment services provider: report

19/09/2022 Argaam
Logo of stc pay

Logo of stc pay

The Central Bank of Bahrain (CBB) licensed stc pay Bahrain, which is owned by Saudi-listed stc, to provide payment and card processing payments, Bahrain-based Al-Ayam newspaper reported. 

 

The total number of licensed provider of support services in the financial sector reached 32 by the end of last February.

 

In early 2018, stc Bahrain rolled out the stc pay BH application, formerly “viva cash”, as part of its plans to enter the financial technology (fintech) sector and speed up digital transformation in Bahrain by launching a digital portfolio for customers as daily mobile payments.

 

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