Riyadh – Mubasher: Mastercard has partnered with STC Bank to provide its customers in the Kingdom with access to a broad range of cross-border payment services, according to a press release.
The bank’s clients will leverage Mastercard Move’s innovative money movement capabilities, benefiting from fast, secure, reliable, and cost-efficient digital cross-border transfers from Saudi Arabia to 120 countries.
Moreover, the partnership aims at accelerating the digital transformation of financial services in accordance with growing digital adoption and consumers’ changing preferences.
Mohammad Refaie, Acting Chief Commercial Officer in STC Bank, indicated: “Our collaboration with Mastercard has been launched with the goal of offering access to innovative cross-border payments solutions that reshape the Kingdom’s economic landscape for the better.”
Mastercard Move offers banks and non-bank financial institutions fast, secure money movement solutions, both domestically and internationally.
The portfolio of solutions reaches over 200 countries and territories and more than 150 currencies, with access to more than 95% of the world’s banked population.
During Seamless Saudi Arabia 2025, ONFTECH inked a memorandum of understanding (MoU) with STC Bank to accelerate digital transformation, advance regulatory technology (RegTech) and compliance innovation.
