Wednesday, July 15, 2020

stc Bahrain and NEC Payments partner to launch Bahrain’s first mobile wallet Prepaid MasterCard

Setting a new benchmark in mobile payment solutions; stc Bahrain, a world class digital enabler, has partnered with NEC Payments, a regional leader in Banking-as-a-Service solutions, to launch the stc pay Virtual prepaid Mastercard, enabling customers to access a broader range of merchants and conduct their transactions in a faster, more efficient and safer way during these challenging times.

With digital at the core of its products and services, stc Bahrain continues to adapt its tech ecosystem by providing its customers with greater digital platforms. In yet another technological benchmark for stc Bahrain, the integration with NEC Payments and subsequent launch of stc pay Virtual Prepaid Mastercard is even more significant at a time WHO is encouraging the usage of ecommerce and contactless payments where possible and to avoid cash, which has been flagged as a conduit for the spread of COVID-19.

Integrated into stc pay app, the new stc pay Virtual Prepaid Mastercard enables customers to shop for goods and services online across an array of local and international retailers and get their favourite item(s) through this fast and secure contactless payment solution. This innovative digital offering from stc Bahrain, also empowers customers with no access to credit cards, to continue shopping for their various needs anytime, anywhere and have the items delivered right at their doorstep. The stc pay Prepaid Mastercard is open for subscription to all users of the mobile wallet; is offered at no additional fee with validity up to three years; and allows flexibility to use current account balance for online purchases.

Eng. Nezar Banabeela, CEO of stc Bahrain commented: “We are delighted to partner with NEC Payments which further elevates our digital business offerings and provides our customers and businesses with the flexibility to conduct their transactions in a fast and secure manner. Given Bahrain’s high responsiveness to digital platforms and the current uncertain times, we continue to step up our digital capabilities with integrated and relevant products that are responsive to our customers’ needs, while helping them maintain their financial and personal well-being.”

Andrew Sims, co-founder and CEO of NEC Payments said: “NEC Payments’ plug-and-play Banking-as-a-Service solution enables digital distributors such as stc Bahrain to quickly implement and launch innovative financial services products built upon our technologies, regulatory license and principal membership of Mastercard. This partnership, and the speed at which the stc pay Virtual Prepaid Mastercard was planned and delivered, is testament to both the strong vision and brand of stc Bahrain and the robust and flexible nature of our technology and service offering.

MOST READ

Building The Strong Pillars of the Kingdom’s Economy: Interview with Mr. Farouk Yousuf Almoayyed

Established in 1940, at the start of World War II, Y. K. Almoayyed & Sons is the result of late Mr. Yousuf Khalil Almoayyed’s...

INJAZ Bahrain concludes its 12th annual Young Entrepreneurs Competition in a virtual ceremony

INJAZ Bahrain has successfully concluded this year’s version of its annual Young Entrepreneurs competition, which was held online for the first time ever on...

Plus Rental Buys 10 Nissan Urvan 3 Seater Vans for Aramex

Y.K. Almoayyed & Sons, the sole distributor of Nissan vehicles in the Kingdom of Bahrain is proud to have hosted a special delivery ceremony...

Batelco Provides Mobile Coverage for the First Time on Jarada Island

In line with Batelco’s commitment to provide connectivity to all areas of Bahrain, the Kingdom’s telecom market leader has delivered mobile coverage for Jarada...

A single mobile app for your Electricity & Water (EWA) services

Hand-in-hand with the Information & eGovernment Authority, the Electricity & Water Authority (EWA) provides its services to cater to public’s regular needs making demanded...

National Taskforce for Combating Coronavirus highlights measures taken to mitigate the spread of COVID-19

The National Taskforce for Combating Coronavirus (COVID-19) held a press conference at the Crown Prince Centre for Training and Medical Research at the Bahrain...

stc Bahrain pioneers ahead in 5G technology

stc Bahrain, a world class digital enabler, announced the launch of the Kingdom’s first integrated large-scale indoor 5G commercial deployment, setting a new benchmark...

The Ritz-Carlton, Bahrain Launches New Virtual Room

As leading technology companies are planning to make remote working the ‘new normal’ and users of major virtual conference services such as Zoom and...

GoPro now lets you transform the Hero 8 into a webcam

You might not be getting much use out of GoPro’s outdoor action cameras during the coronavirus pandemic, so GoPro is making it a lot...

City Centre Bahrain announces Spring/Summer Campaign winner of a brand-new luxurious sports car

City Centre Bahrain, the premier shopping, entertainment and lifestyle destination in the Kingdom, announced today the winner of the mall’s Spring/Summer Campaign; Mary Rose...

Zain Bahrain Joins Global Zone and Manama-IX to Support its Digital Transformation Strategy

Zain Bahrain, the leading telecom operator in the Kingdom, has recently joined “Global Zone”, the carrier-neutral transit zone in Bahrain, to support its digital...

Innovative Virtual Fashion Show to be organized by Medpoint

Medpoint Design and Events Management is hosting the first of its kind Global Women’s Virtual Fashion Forum & Show which will highlight topics that...

Be an Optimist and an Opportunist by Dhananjay Mahadev Datar

I consider myself fortunate as I always got valuable advice from senior traders. I still remember the day when I earned the first profit...

WHO supports HRH Premier’s award for distinguished doctors

His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has received a letter from the World Health Organization (WHO) Director-General, Dr Tedros...

Lulu Hypermarket Welcomes Shoppers to Expanded Dana Mall Store

Lulu Hypermarket’s Dana Mall flagship store has expanded to serve up a whole new shopping experience for eager Bahrain shoppers. Now 40% much large,...