Tagged: stc pay

Western Union Acquires 15% Stake, Valued at $200 Million, in Saudi Arabia’s Telecom’s Digital Payments Unit, STC Pay

Western Union (NYSE: WU) has reportedly acquired a 15% stake in Saudi Arabia’s Telecom’s digital payment division. Western Union, which is notably the largest money transfer company in the world, has confirmed that it has purchased a $200 million (or 15%) stake in the online… Read More

Banking Challenger Moven Partners STC Pay to Introduce New Banking Service for Young People in Saudi Arabia

Two Fintech companies are teaming up to develop a new banking service for young people living in Saudi Arabia, who may prefer to make cashless payments from their mobile devices. Digital Bank challenger Moven, which was established by Brett King in 2010, will be partnering… Read More

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