STC Bank Partners with PLDT Global to Expand Digital Payment Solutions and Enhance Customer Experience
Ahmed Bin Abdulqader
STC Bank, a leading Saudi digital bank has entered into a strategic partnership with PLDT Global Corporation (PLDT Global), a Philippine telecommunications, internet and digital service company and the international arm of PLDT Inc. (formerly known as Philippine Long Distance Telephone Company), to enhance digital financial solutions and payment accessibility for its customers in Saudi Arabia and the region.
As part of the agreement, STC Bank will be integrated as a payment option within PLDT Global’s digital marketplace, Tindahan ni Bossing (TinBo), enabling users to conduct seamless and secure transactions towards their phone and other governmental bills. Additionally, STC Bank will offer PLDT Global’s products from their digital distribution solution Vortex on its platform, expanding access to advanced digital services for customers across both networks.
By leveraging its digital banking infrastructure and expertise, STC Bank aims to facilitate financial inclusion, streamline cross-border payments, and enhance cybersecurity measures to safeguard digital transactions.
“At STC Bank, we are driving financial inclusion with innovation that empowers individual and businesses alike. Our collaboration with PLDT Global aligns with our mission to enhance digital banking accessibility and security for all of our users, ensuring seamless and efficient transactions for our customers, no matter how far they are from their home countries” said Nizar Altwaijri, CEO of STC Bank.
Albert V. Villa-Real, President and CEO of PLDT Global, added: “By joining forces with STC Bank, we are enhancing digital connectivity for our customers, ensuring secure and efficient financial transactions. This partnership is a testament to our shared vision of leveraging technology to drive digital transformation.”
This strategic alliance is in line with STC Bank’s continued expansion into global digital ecosystems, reinforcing its commitment to offering cutting-edge financial services that cater to the evolving needs of businesses and individuals in an increasingly digital Saudi economy.
