Saudi Telecom Co. (STC) on Tuesday launched STC Pay, its new investment arm of digital payments and financial technology services, Tariq Enaya, chairman of STC Pay, said in a statement.
The new e-platform will provide full-fledged digital, financial services to individuals and companies, allow entrepreneurs to reach a large number of STC clients, and facilitate daily financial transactions and payments.
Meanwhile, Saleh Mosaibah, STC Pay’s chief executive, said the new service will be available through an e-wallet that will be loaded to enable client payments everywhere.
The new application also facilitates transferring and receiving money from client contact list, and transferring funds to various bank accounts across the Kingdom.
STC invoices can be also paid through this wallet, Mosaibah added.
STC Pay was established in 2017 as a wholly-owned subsidiary of STC to provide FinTech services for corporates and individuals.
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