Zawya - Press Releases: stc pay launches Mastercard's 'Click to Pay' service in a pioneering move locally to facilitate electronic payments
Manama, Bahrain : stc pay , one of the leading digital wallets in the Kingdom, announced its collaboration with Mastercard to launch the ' Click to Pay ' service to facilitate electronic payments, thus becoming one of the first local companies to offer this innovative feature on eligible cards, in a move that enhances its leadership in the digital payments scene in the Kingdom.
This innovative service allows stc pay cardholders to complete online purchases with just one touch, using biometric authentication technology on the user's device and electronic passcodes, eliminating the need to manually enter card details for each transaction. Based on global best practices in digital payments adopted by Mastercard, the service provides a seamless and flexible online payment experience across various devices and browsers, and at a wide network of participating online stores. The service also utilizes advanced tokenization technology, which replaces sensitive card data with secure digital tokens, thus reducing the risk of fraud and enhancing security during payment transactions .
The service combines biometric authentication via personal device with Mastercard Payment Passkeys , ensuring secure login without the need for a password, using either fingerprint or facial recognition. By eliminating passwords and one-time verification codes, the service provides customers with a secure, convenient, and fast payment experience, while maintaining the confidentiality of sensitive payment data and preventing its sharing with any third party .
On this occasion, Mr. Metin Zavrak, CEO of stc pay Bahrain, stated: “We are proud of our collaboration with Mastercard to launch the ‘ Click to Pay ’ service in the Kingdom of Bahrain, a step that embodies our firm commitment to providing the latest financial solutions. This launch represents a significant milestone in our journey towards enhancing innovation in the field of digital payments, by offering solutions that combine ease with the highest security standards. Through this innovative and convenient service, we are contributing to the advancement of the e-commerce ecosystem, supporting the Kingdom’s move towards a cashless digital economy.”
For his part, Mr. Saud Swar, General Manager of Mastercard in Saudi Arabia, Bahrain, Jordan and the Levant, said: “At Mastercard, we continue to leverage our close alliances with leading financial technology companies, such as stc pay , to expand the reach of innovative payment solutions in the region, in line with our vision to tokenize all e-commerce transactions globally. The innovative ‘ Click to Pay ’ feature provides shoppers with a fast and seamless way to pay online, while protecting their data during the payment process, which contributes to accelerating the transition towards a less cash-dependent society in the Kingdom of Bahrain and enhancing confidence in the digital economy ecosystem.”
It is worth noting that stc pay , by launching the ' Click to Pay ' service, is moving forward in consolidating its leading position in the Kingdom's financial technology sector, by adopting the latest technologies that enrich customer experiences and place their digital security at the heart of its priorities, as well as establishing innovative standards within the digital payments system, in line with its strategic goals aimed at enabling its customers to manage their financial affairs through innovative digital solutions, in a digital world that is witnessing rapid transformation.
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