STC Bahrain has partnered with NEC Payments to launch the STCpay virtual prepaid Mastercard which enables users to complete financial transactions in a much faster, safer, and efficient way, the media reported.
The new fac virtual prepaid Mastercard launched by STC Bahrain will also users access a wider range of merchants.
The launch comes at a time when the use of paper currencies is heavily discouraged as it could help in the spread of the novel coronavirus.
The virtual prepaid Mastercard can be accessed through the STC Pay app.
The new service can be availed by STC wallet holders without incurring any additional charges. The Mastercards come with a validity of 3 years, the media reported.
With regard to the launch of the new virtual prepaid Mastercard, STC Bahrain chief executive officer Nezar Banabeela told the media, “We are delighted to partner with NEC Payments which further elevates our digital business offerings. 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, while helping them maintain their financial and personal well-being.”
NEC Payments co-founder and chief executive Andrew Sims revealed that NEC Payments’ plug-and-play banking-as-a-service solution enables digital distributors to quickly launch innovative financial products leveraging NEC’s technology, regulatory licence, and principal membership of Mastercard.
Recently, STC also announced that it has entered into a partnership with Nokia to launch software-defined Wide Area Network (SD-WAN) services across the country.
STC AgileWAN is a service that will provide the required agility, flexibility, visibility, control, and security to the way customers connect their network to the central or cloud resources.