Mastercard announced a collaboration with STC Bank to empower the bank's customers in the Kingdom - both consumers and businesses - with greater access to a broad range of cross-border payment services, leveraging Mastercard Move's innovative money movement capabilities.
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' changing preferences.
Leveraging Mastercard Move - Mastercard's portfolio of money movement capabilities - the collaboration will enable STC Bank's customers to benefit from fast, secure, reliable, and cost-efficient digital cross-border transfers from Saudi Arabia to 120 countries - meeting the needs of consumers and businesses across the country in search of fast and flexible virtual payments solutions.
