Saudi Mobile Wallet, Saudi Digital Payments Company (stc pay) and Thales have introduced contactless cards to enable payments at point of sale (POS) machines, e-commerce transactions and cash withdrawal at local and international ATMs.
Thales EMV cards are fully personalised and include two different premium designs: metal cards and transparent cards, making the sourcing process for stc pay more secure and simplified.
stc pay’s customers will be able to order the card, activate, deactivate and set spending limits through their mobile application with no additional paperwork required. Fully digitised, the card is compatible with Apple Pay and mada Pay, providing a seamless and secure payment experience for iPhone and Android users.
“The global crisis has led to increased concern on the usage of cash and has naturally accelerated the transformation towards a contactless and cashless society. It is only through the creation of novel, secure solutions, that we can build a future we can trust. We are very proud of the fruitful partnership developed over the years with stc pay and we remain fully committed to supporting innovation in the Kingdom in line with Vision 2030. The Kingdom of Saudi Arabia has been at the forefront of smart cities, and stc pay plays a key role in this remarkable journey, ” said Pascal Lesaulnier, CEO, Thales Saudi Arabia.
Ahmed Alenazi, CEO, stc pay, added that: “As the Kingdom progresses towards a cashless society, we are always looking for ways to provide new and innovative technologies and digital experiences to our customers. The introduction of the contactless payment cards together with Thales provides our customers with digital payments solutions that are fast, convenient, and more importantly, secure.”.
stc pay has been recognised as the Best Digital Wallet in the Middle East and North Africa (MENA) by Global Banking and Finance Awards. The digital wallet has been designed to enable fast and convenient payment solutions that can be accessed through any smart device.
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