stc pay Bahrain
- Company typePrivate
- Founded2023
- HeadquartersManama, Bahrain
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
stc pay Bahrain firmographics
Firmographics- Name
- stc pay Bahrain
- Legal name
- STC PAY Bahrain B.S.C. (Closed)
- Website
- https://web.stcpay.com.bh
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Where stc pay Bahrain is headquartered
LocationHeadquarters
- HQ city
- Manama
- HQ country
- Bahrain
- HQ region
- Middle East
Offices1 record
Markets served
stc pay Bahrain business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- International Remittance/Transfer Fees: Revenue from fees charged on cross-border money transfers to over 60 countries. The company emphasizes competitive exchange rates.
- Card Transaction Fees: Revenue generated from prepaid card transactions including domestic and international payments, ATM withdrawals, and interchange fees.
- Business Services: Fees from corporate accounts, business cards with up to 2% cashback, payment gateway services, and WPS salary disbursements.
- Cashback Program: Rewards program where users earn instant cashback on eligible transactions, with cashback credited automatically and instantly to accounts.
- Account and Service Fees: Various fees and charges apply for different services. Free wallet account with no fees for basic services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Personal Account - Free tier with no fees |
| Transaction based/ take rate | Monthly | Business Card - Up to 2% unlimited cashback |
| Freemium | Monthly | WPS (Wages Protection System) - Free for employers |
| Transaction based/ take rate | Pay-as-you-go | International Transfers - Competitive rates to 60+ countries |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
stc pay Bahrain product offering
Product offeringCore offering
stc pay Bahrain operates a Central Bank of Bahrain-licensed mobile wallet platform offering personal, family, and business financial accounts accessed via smartphone app. The platform provides prepaid Mastercard cards with unlimited instant cashback, international money transfers to 60+ countries, local bank transfers, bill payments, a marketplace for gift cards and devices, cash loans, and business solutions including WPS-compliant payroll and payment gateway services.
Product overview
stc pay Bahrain is a mobile wallet and digital payments platform offering a comprehensive suite of financial services. The core offering consists of Personal, Family, and Business accounts accessible via smartphone application. Key products include prepaid Mastercard cards (Personal, Family, and Corporate variants) with unlimited cashback, international money transfers to 60+ countries, domestic bank transfers (Fawri+/Fawri), bill payments (FAWATEER), a marketplace for gift cards and devices, cash loans, and reward programs (Cashback+ and Miles+). Business solutions include a Corporate Portal for managing cards and disbursements, a Payment Gateway for accepting payments, and WPS-compliant salary disbursement. The platform integrates with Apple Pay, Samsung Pay, Google Pay, BenefitPay, and Mastercard Click to Pay for seamless mobile payments.
Differentiator
Problem solved
Functional benefit
Brands
- Cashback+: Rewarding program that offers instant cashback on eligible transactions for personal and family users.
- Miles+
- Elite Card
- Family Card
Products and services
- stc pay Personal Account Free mobile wallet account accessible via smartphone app for individual consumers. Users can manage money, send/receive transfers, pay bills, and earn unlimited instant cashback on transactions.
- stc pay Family Account Family-oriented wallet account with shared cards for family and kids featuring instant and unlimited cashback, allowing up to five family members on one account.
- stc pay Business Account Business financial management platform providing corporate cards, payment acceptance, salary disbursement (WPS), and bill payment services from a unified corporate portal.
- stc pay Personal Cards Prepaid Mastercard cards for personal use with unlimited instant cashback on transactions, free airport lounge access, and exclusive discounts.
- stc pay Family Cards Family prepaid cards enabling shared spending with up to five family members and unlimited instant cashback on all eligible transactions.
- stc pay Corporate Cards Prepaid corporate cards for businesses with up to 2% unlimited cashback on transactions, managed through the Corporate Portal.
- International Transfers (Remittance) International money transfer service to 60+ countries with competitive exchange rates, supporting bank account, cash pickup, and mobile wallet delivery methods.
- Fawri+ and Fawri Transfers Instant and standard domestic bank transfers enabling users to send money to banks and wallets via Khaleeji Commercial Bank, with Fawri+ for instant transfers and Fawri for standard transfers.
- FAWATEER Bill Payments Bill payment service allowing users to pay government, telecom, insurance, transportation, school, and hundreds of other bills directly from the app.
- Marketplace Digital marketplace for purchasing gift cards, devices, and airline miles for gamers, movie lovers, music enthusiasts, and general consumers.
- Cash Loans Instant cash loan service allowing eligible users to apply for and receive cash loans directly through the stc pay application.
- Wages Protection System (WPS) WPS-compliant salary disbursement solution directly integrated with LMRA, enabling employers to disburse salaries quickly, in bulk, and free of charge.
- Business Payment Gateway Payment acceptance solution for businesses to receive payments via stc pay Wallet, Benefit Debit Card, and BenefitPay on their websites or apps.
Quantifiable outcome
- 300,000+ app downloads, 15M+ transactions, BHD 500M+ processed
- +3 more outcomes
Companies that use stc pay Bahrain
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles2 records
stc pay Bahrain technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
Feature7 records
stc pay Bahrain partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core, strategic and minor.
- PayPalcoreStrategic partnership to launch seamless cross-border fund transfer services in Bahrain, enabling stc pay users to send and receive international payments through PayPal network.
- PIEcoreStrategic partnership to enable QR code payments across Bahrain's POS network, expanding digital payment acceptance merchant network.
- Mastercard Click to PaycorePartnership to offer Mastercard Click to Pay as a core feature, eliminating manual card entry for e-commerce transactions.
- GPS (Global Payment Services)strategicStrategic partnership to enhance the future of digital payments through advanced payment technology solutions.
- Hadad MotorsminorStrategic partnership to enrich customer experience with exceptional rewards, offering exclusive benefits for car-related purchases.
- LuqoolcorePartnership to enable innovative QR code payment solutions for restaurants and services sector, launching through Luqool's fintech technology platform.
- PLDT GlobalstrategicPartnership announced at LEAP 2025 conference in Riyadh to enhance international digital payment solutions and cross-border transfer capabilities.
- Mastercard MovestrategicPartnership to provide secure fund transfers to Alipay platform, enabling international payments to Chinese digital payment ecosystem.
- LMRA (Labor Market Regulatory Authority)coreStrategic partnership to enhance expatriate worker experience by issuing international bank account numbers (IBAN) upon arrival at Bahrain International Airport, linked to stc pay digital wallet.
- Khaleeji Commercial BankcoreBanking partner providing Fawri/Fawri+ local transfer services and IBAN-linked accounts. Enables unbanked and underbanked customers to access banking services and local bank transfers.
- MastercardcoreStrategic partnership to elevate digital wallet services through Mastercard prepaid card issuance with global acceptance, including exclusive World Elite card for premium customers.
- Bahrain Public Transport Company (BPTC)corePartnership to expand mobile digital payment services into transportation sector, enabling GO Card recharging with up to 50% instant cashback. Covers 140 buses across 25 routes.
- Apple PaycoreMobile wallet integration for adding money and making contactless payments through Apple Pay.
- Samsung PaycoreMobile wallet integration for contactless payments through Samsung Pay on supported devices.
- Google PaycoreMobile wallet integration for contactless payments through Google Pay on Android devices.
- BenefitPaycoreIntegration with Bahrain's national digital wallet for adding money to stc pay accounts.
- Booking.comminorPartner offers program partner providing exclusive deals and cashback for travel bookings.
- CleartripminorPartner offers program partner providing travel booking deals and cashback promotions.
- CareemminorPartner offers program partner providing ride-hailing deals and cashback for transportation services.
- TalabatminorPartner offers program partner providing food delivery deals and cashback promotions.
Scale indicators8 records
Recent moves2 records
stc pay Bahrain competitors and assessment
Company assessmentDirect peers
- Vodafone Cash (now M-Pesa Egypt): Telecom-led mobile money/wallet offering person-to-person transfers, bill pay and merchant payments across MEA markets. Comparable in business model and target segments (unbanked, expat remitters), though operating at significantly larger scale.
- BenefitPay: Bahrain's national digital wallet operated by Benefit, the national electronic payments network. Directly competes with stc pay for consumer P2P, QR and bill payment use cases in Bahrain; stc pay users can also top up via BenefitPay, showing overlapping but contested market positions.
- Ooredoo Money: Mobile wallet from Ooredoo Group active across MENA markets including Qatar, Kuwait, Algeria and Tunisia. Comparable telecom-led wallet offering remittances, bill payments and prepaid cards across the same regional corridors.
- stc pay (Saudi Arabia): Sister mobile wallet subsidiary of stc Group in Saudi Arabia, offering comparable prepaid cards, remittances, and merchant payments under the same brand architecture. Most directly comparable peer given shared parent, platform DNA, and overlapping product set.
- Payit by Etisalat: UAE mobile wallet from Etisalat (e&) offering prepaid cards, international transfers, bill payment, and merchant acceptance. Closest regional direct peer given similar telecom-backed wallet model and Gulf market focus.
Broad incumbents
- Mastercard: Global card network and digital payments infrastructure provider. Issues the prepaid card program underpinning stc pay's card products and powers Click to Pay and Move rails — broader incumbent that is simultaneously a critical infrastructure partner.
- bKash: Bangladesh's largest mobile financial services platform serving unbanked consumers with P2P, remittance and merchant payments. Comparable in financial-inclusion remit and South Asia remittance corridors that stc pay serves from Bahrain.
- PayPal: Global cross-border payments incumbent. Strategic partner to stc pay for Bahrain cross-border transfers; competes in remittance and digital wallet categories at a global scale.
- Fawry: Egypt's leading electronic payments network offering bill presentment, prepaid cards, and merchant payment rails. Broader incumbent across MEA bill payment and prepaid card categories with overlapping product surface.
Emerging players
- Careem Pay: Super-app payments wallet from Careem (a UAE-born ride-hailing/delivery platform now owned by Uber). Competes for consumer P2P and merchant QR payments across MENA, and is a partner of stc pay for ride-hailing offers; partial overlap in use cases.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Customer concentration
stc pay Bahrain social profiles
Digital presencestc pay Bahrain compliance and trust
Trust signalCompliance3 records
stc pay Bahrain financial estimates
Financial estimateRevenue estimate
Valuation estimate
stc pay Bahrain leadership team
Management profileNumber of profiles
Profiles6 records
stc pay Bahrain funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
stc pay Bahrain M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about stc pay Bahrain
What does stc pay Bahrain do?
stc pay Bahrain operates a Central Bank of Bahrain-licensed mobile wallet platform offering personal, family, and business financial accounts accessed via smartphone app. The platform provides prepaid Mastercard cards with unlimited instant cashback, international money transfers to 60+ countries, local bank transfers, bill payments, a marketplace for gift cards and devices, cash loans, and business solutions including WPS-compliant payroll and payment gateway services.
Is stc pay Bahrain a public or private company?
stc pay Bahrain is a private company. It is classified as corporate owned and is currently operating.
When was stc pay Bahrain founded?
stc pay Bahrain was founded in 2023. It employs 11 to 50 people.
Where is stc pay Bahrain based?
stc pay Bahrain is headquartered in Manama, Bahrain, in the Middle East region.
How does stc pay Bahrain make money?
Five revenue lines are on record. International Remittance/Transfer Fees are the primary driver. The others are card Transaction Fees, business Services, cashback Program and account and Service Fees.
Who are stc pay Bahrain's main competitors?
Direct peers on record are Vodafone Cash (now M-Pesa Egypt), BenefitPay, Ooredoo Money, stc pay (Saudi Arabia) and Payit by Etisalat. Broad incumbents are Mastercard, bKash, PayPal and Fawry. Careem Pay is listed as an emerging player.
Does stc pay Bahrain have an API?
Yes. stc pay offers API integration for payment services. For website/app integration: stc pay Wallet payments integration via API documentation with step-by-step guidance; Benefit Debit Card & BenefitPay integration via Benefit APIs or plugins. Business partners can submit interest via website for API access. Contact: [email protected] Developer documentation is at stcpay.com.bh/business.