{"id":84222,"date":"2026-01-13T09:49:53","date_gmt":"2026-01-13T07:49:53","guid":{"rendered":"https:\/\/gulftech-news.com\/en\/?p=84222"},"modified":"2026-01-13T09:49:54","modified_gmt":"2026-01-13T07:49:54","slug":"stc-bank-joins-hands-with-mastercard-to-transform-saudi-remittances-through-mastercard-move","status":"publish","type":"post","link":"https:\/\/gulftech-news.com\/en\/2026\/01\/13\/stc-bank-joins-hands-with-mastercard-to-transform-saudi-remittances-through-mastercard-move\/","title":{"rendered":"STC Bank joins hands with Mastercard to transform Saudi remittances through Mastercard Move"},"content":{"rendered":"\n<p><em><strong>The collaboration will empower STC Bank\u2019s customers with a rich range of enhanced payments experiences using Mastercard Move\u2019s money movement capabilities<\/strong><\/em><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.mastercard.com\/global\/en.html\">Mastercard<\/a><\/strong> announced a collaboration with <strong><a href=\"https:\/\/stcbank.com.sa\/\">STC Bank<\/a><\/strong> to empower the bank\u2019s customers in the Kingdom \u2013 both consumers and businesses \u2013 with greater access to a broad range of cross-border payment services, leveraging Mastercard Move\u2019s innovative money movement capabilities.\u00a0<\/p>\n\n\n\n<p>In line with Vision 2030, the collaboration is fully geared towards transforming the Saudi payments landscape by accelerating the digital transformation of Saudi financial services in accordance with growing digital adoption and consumers\u2019 changing preferences.<\/p>\n\n\n\n<p>Leveraging Mastercard Move \u2014 Mastercard\u2019s portfolio of money movement capabilities \u2014 the collaboration will enable STC Bank\u2019s customers to benefit from fast, secure, reliable, and cost-efficient digital cross-border transfers from Saudi Arabia to 120 countries &#8211; meeting the needs of consumers and businesses across the country in search of fast and flexible virtual payments solutions.<\/p>\n\n\n\n<p>\u201cThere is a clear and immediate need for responsive solutions that enable consumers to access fast, secure and reliable payments, wherever and however they choose,\u201d said Onur Kursun, Executive Vice President, Commercial and New Payment Flows, Eastern Europe, Middle East and Africa (EEMEA), Mastercard. \u201cWe are pleased to have joined hands with STC Bank to facilitate such payments experiences for STC Bank customers. <\/p>\n\n\n\n<p>With Mastercard Move, we open the door to the future of payments, enabling people and businesses to send and receive money with confidence and ease.\u201d<\/p>\n\n\n\n<p>\u201cAs part of our mission to serve as Saudi Arabia\u2019s leading digital bank, we are fully committed to transforming financial services in the Kingdom and wider region,\u201d said Mohammad Refaie, Acting Chief Commercial Officer in STC Bank. \u201cOur collaboration with Mastercard has been launched with the goal of offering access to innovative cross-border payments solutions that reshape the Kingdom\u2019s economic landscape for the better.\u201d<\/p>\n\n\n\n<p>Crucially, Mastercard\u2019s\u00a0<a href=\"https:\/\/www.mastercard.com\/global\/en\/business\/cross-border-services\/borderless-payments-report.html?campaign_id=7016e000002VxkG&amp;channel=pr&amp;cmp=2023.q3.global.pr1\">Borderless Payments<\/a>\u00a0research shows that people sending money abroad continue to prioritize speed, transparency and ease of use. More than one in three senders said their families had limited access points to receive funds, reinforcing the need for a wider range of payout options such as bank accounts, mobile wallets, cards and cash. <\/p>\n\n\n\n<p>Mastercard\u2019s collaboration with STC Bank directly supports these needs by expanding secure, reliable and easily accessible cross-border payment services, ensuring people can receive money in the way that works best for them. \u00a0\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/www.mastercard.com\/us\/en\/business\/payments\/mastercard-move.html\">Mastercard Move<\/a> provides banks and non-bank financial institutions with fast, secure money movement solutions, both domestically and internationally. The portfolio of solutions reaches more than 200 countries and territories and 150+ currencies, with access to more than 95% of the world\u2019s banked population.<\/p>\n\n\n\n<p><a>Leveraging Mastercard Move, banks and non-bank financial institutions can offer their end customers transparency and choice through trackable payments, visibility of fees, estimated delivery times, certainty into the amount received and the option to receive payouts to bank accounts, digital and mobile wallets, card and cash.<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The collaboration will empower STC Bank\u2019s customers with a rich range of enhanced payments experiences using Mastercard Move\u2019s money movement capabilities Mastercard announced a collaboration with STC Bank to empower the bank\u2019s customers in the Kingdom \u2013 both consumers and businesses \u2013 with greater access to a broad range of cross-border payment services, leveraging Mastercard &hellip;<\/p>\n","protected":false},"author":2,"featured_media":84223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[487,1615],"class_list":["post-84222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-mastercard-2","tag-stc-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - 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