stc pay secures double win at the Card and Payments Awards for “Best Pre-Paid Product” and “Financial Inclusion” Awards
Manama, Bahrain – April 28, 2025: stc pay, Bahrain's most innovative and accessible mobile wallet for digital financial transactions, has achieved a significant milestone by winning two prestigious accolades at the Card and Payments Awards: "Best Pre-Paid Product Award" and "Financial Inclusion Award." These awards recognize stc pay’s innovative approach to reshaping financial solutions and its strong commitment to driving financial accessibility for all segments of society.
The "Best Pre-Paid Product Award" celebrates stc pay’s innovative prepaid card program, which offers seamless card payments worldwide, and contactless payment options such as Apple Pay and Samsung Pay. With its instant-issue prepaid cards, stc pay empowers users—including those without credit cards—to shop globally, enjoy instant cashback rewards, and access a feature-rich experience. Unique offerings such as the Mastercard World Prepaid Card, Mastercard World Metal Prepaid Card, and Family Supplementary Prepaid Cards provide customers with tailored solutions to manage their finances effectively.
The Financial Inclusion Award acknowledges stc pay’s partnership with the Labour Market Regulatory Authority (LMRA) to enhance onboarding experiences for expatriates arriving in Bahrain. Through this collaboration, new expat employees are provided with IBAN-linked stc pay mobile wallets upon arrival, simplifying wage payments and ensuring compliance with Bahrain’s Wages Protection System. This initiative bridges critical gaps between employee registration and salary processing, supporting safe working conditions and enabling seamless financial integration for expatriates.
Eng. Khalid Al Osaimi, Chairman of stc pay and CEO of stc Bahrain, commented, "We are honored to receive these awards, which reflect our commitment to redefining financial services in Bahrain. At stc pay, we strive to deliver innovative solutions that empower individuals and businesses, whether through cutting-edge prepaid products or initiatives that promote financial inclusion. These recognitions inspire us to continue driving positive change and supporting Bahrain’s vision for a cashless future."
Since its launch, stc pay has emerged as a cornerstone of Bahrain’s cashless evolution, leveraging its vast network and technology leadership to deliver comprehensive financial solutions. From local and international transfers to payroll processing and exclusive rewards programs, stc pay continues to set benchmarks in convenience, security, and inclusivity.
