stc pay has partnered with Mastercard to launch the first Mastercard World prepaid card in the Kingdom. The stc pay Mastercard Elite card is available exclusively through stc pay. According to stc, the offering reflects its commitment to delivering cutting-edge solutions tailored to the diverse needs of consumers.
The collaboration combines stc pay’s expertise in mobile wallet technology with Mastercard’s proven track record in payment services. The aim is to provide customers with an unparalleled digital payment experience.
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Metin Zavrak, Chief Executive Officer of stc pay Bahrain, said: “The launch of the stc pay Mastercard Elite card marks a significant milestone in Bahrain’s digital payments landscape. It reinforces stc pay’s position as a leader in the fintech industry. It drives innovation and empowers consumers to manage their finances and enjoy premium benefits with the flexibility to select the card that best aligns with their preferences and lifestyle.”
Maria Medvedeva, Country Manager, Saudi Arabia and Bahrain at Mastercard, added: “At Mastercard, we are committed to harnessing the power of partnerships with disruptive fintech players to accelerate digital transformation and drive payment innovation in the region. Our latest collaboration with stc pay will unlock access to a whole new world of benefits for Bahrain’s consumers and connect them to our global payments network that spans over 100 million merchants.”
The stc pay Mastercard Elite Card comes with a range of exclusive benefits. These include unlimited cashback up to 6%, family cards for convenient family payments, complimentary access to over 1,400 airport lounges worldwide, discounts on hotel bookings of up to 30%, comprehensive travel insurance (including medical coverage up to $500,000), and purchase protection with 180 days of complimentary insurance against theft or accident.
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