0
Wireless

Moven tie-up with STC Pay reaches 2 million users in 10-month trial phase

Monday 16 March 2020 | 10:54 CET | News
Digital Bank challenger Moven has announced a partnership with the STC Pay digital wallet app for online purchases, utility bill payments and fund remittances via smartphones. After completing its testing or pilot phase, STC Pay has reportedly managed to attract 2 million users in ten months, out of a population of around 35 million. Moven provides its proprietary technology to large banks worldwide, including Canada's TD Bank, Westpac in New Zealand and Indonesia's BCA. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Moven / STC
Countries: Saudi Arabia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

STC Pay and Visa ink deal to launch digital payment services

Published 06 Jul 2020 17:25 CET | Saudi Arabia
Saudi operator STC and Visa have entered into an exclusive strategic partnership to launch financial services and digital payment ...

Saudi online payments rise 400% year-on-year in Q1

Published 15 Apr 2020 13:06 CET | Saudi Arabia
Online payments in Saudi Arabia jumped by more than 400 percent in the first quarter of 2020 compared with Q1 2019, the Saudi ...

STC lets staff work remotely for 2 weeks to contain Covid-19

Published 16 Mar 2020 14:18 CET | Saudi Arabia
Saudi operator STC says more than 3,000 employees have begun working remotely for a period of two weeks, as part of precautionary ...

Moven and STC Pay plan challenger bank in Saudi Arabia

Published 17 Feb 2020 11:51 CET | Saudi Arabia
STC Pay launched its digital wallet in the form of a mobile app in October 2018. The app allows users to pay for services or ...

SAMA licenses STC Pay as e-wallet firm

Published 04 Feb 2020 10:43 CET | Saudi Arabia
STC Pay, the mobile wallet launched in late 2018 by Saudi Telecom (STC), has become one of the first two companies to be granted ...

STC Pay joins forces with Visa

Published 04 Dec 2018 15:02 CET | Saudi Arabia
The Saudi Telecom Company (STC) said that its investment arm STC Pay has signed a memorandum of understanding (MoU) with US-based ...

STC launches STC Pay and holds tie-up talks with Western Union

Published 03 Oct 2018 10:57 CET | Saudi Arabia
Saudi Telecom Company (STC) has announced the launch of STC Pay by its Saudi Digital Payments subsidiary. STC Pay chairman Tareq ...