{"id":59766,"date":"2026-01-13T12:50:50","date_gmt":"2026-01-13T09:50:50","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=59766"},"modified":"2026-02-24T18:09:22","modified_gmt":"2026-02-24T15:09:22","slug":"stc-bank-mastercard-transform-saudi-remittances-move","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/stc-bank-mastercard-transform-saudi-remittances-move\/","title":{"rendered":"STC Bank Partners with Mastercard to Transform Saudi Cross-Border Payments"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>STC Bank<\/strong> has announced a collaboration with <strong>Mastercard<\/strong> to enhance cross-border payment services for customers across Saudi Arabia. The partnership leverages Mastercard Move&#8217;s money movement capabilities to provide fast, secure, and cost-efficient digital transfers to 120 countries worldwide.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">STC Bank Mastercard Partnership Details<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The collaboration aligns with Saudi Arabia&#8217;s Vision 2030 objectives to accelerate digital transformation in financial services. Through Mastercard Move, both individual consumers and businesses will gain access to enhanced cross-border payment solutions that meet growing demands for digital financial services.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The partnership addresses the evolving preferences of Saudi consumers and businesses seeking fast, flexible virtual payment solutions for international money transfers. Customers will benefit from transparent fee structures, trackable payments, and multiple payout options including bank accounts, mobile wallets, cards, and cash.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Mastercard Move Technology Features<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Coverage extending to more than 200 countries and territories<\/li>\n\n\n\n<li>Support for 150+ currencies<\/li>\n\n\n\n<li>Access to over 95% of the world&#8217;s banked population<\/li>\n\n\n\n<li>Real-time payment tracking and delivery estimates<\/li>\n\n\n\n<li>Multiple payout methods for recipient convenience<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">According to Mastercard&#8217;s Borderless Payments research, money transfer users prioritize speed, transparency, and ease of use. More than one-third of senders reported that their families had limited access points to receive funds, highlighting the need for diverse payout options.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">There is a clear and immediate need for responsive solutions that enable consumers to access fast, secure and reliable payments, wherever and however they choose.<\/p>\n<cite>Onur Kursun, Executive Vice President, Mastercard<\/cite><\/blockquote>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2026\/01\/MA-STC-2_ssict_1200_800.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2026\/01\/MA-STC-2_ssict_1200_800-1024x683.webp\" alt=\"MA STC 2_ssict_1200_800\" class=\"wp-image-59769\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2026\/01\/MA-STC-2_ssict_1200_800-1024x683.webp 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2026\/01\/MA-STC-2_ssict_1200_800-300x200.webp 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2026\/01\/MA-STC-2_ssict_1200_800-768x512.webp 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2026\/01\/MA-STC-2_ssict_1200_800-1080x720.webp 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2026\/01\/MA-STC-2_ssict_1200_800.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Digital Banking Transformation in Saudi Arabia<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Mohammad Refaie, Acting Chief Commercial Officer at STC Bank, emphasized the bank&#8217;s commitment to serving as Saudi Arabia&#8217;s leading digital bank. The collaboration with Mastercard represents a strategic move to offer innovative cross-border payment solutions that support the Kingdom&#8217;s economic development goals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This partnership positions STC Bank to better serve the financial needs of Saudi consumers and businesses while contributing to the broader digital transformation of the Kingdom&#8217;s financial sector. The enhanced payment capabilities will support both personal remittances and business transactions across international markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>STC Bank partners with Mastercard to provide enhanced cross-border payment services to 120 countries through Mastercard Move technology, supporting Saudi Arabia&#8217;s digital transformation goals.<\/p>\n","protected":false},"author":13,"featured_media":59768,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":19,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[442,24],"tags":[],"class_list":["post-59766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apps","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site 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