STC Pay teams up with Moven to boost services

The application of stc pay includes a spending analytics section which comprises the total spending for the current month

  
Image used for illustrative purposes. LISBON, PORTUGAL - June 6, 2015. Photo of STC homepage on a monitor screen through a magnifying glass.

Image used for illustrative purposes. LISBON, PORTUGAL - June 6, 2015. Photo of STC homepage on a monitor screen through a magnifying glass.

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Riyadh – Mubasher: stc pay, a subsidiary of the listed Saudi Telecom Company (stc), joined forces with digital financial services company Moven in a partnership that will allow stc pay’s customers to track their money and spending, according to a press release on Sunday.

The application of stc pay includes a spending analytics section which comprises the total spending for the current month, spending for each day, and average spending.

Under this agreement, stc pay will have a new enhancement that enables its 7.4 million customers to track their spending history that could be filtered upon the date, the transaction type, and by the account.

CEO of stc pay, Ahmed Alenazi, said: “One of the main pillars of our strategies is to be customer-centric.”

Moven’s Chief Revenue Officer, Bryan Clagett, said: “Our solution is remarkably flexible, allowing stc pay to craft their interpretation of financial wellness to provide a more robust experience for their end-users.”

Last June, stc pay stated that it would obtain a licence to become a digital bank as per the Saudi Council of Ministers' approval.

Source: Mubasher

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