stc pay Bahrain, a leading mobile wallet in the Kingdom, has been recognized on the international stage, winning the “Telecom – Connecting the Unconnected” category at the Merit Awards 2026. The award highlights the fintech’s significant impact on integrating Bahrain’s unbanked and underbanked communities into the digital economy.
Quick Facts
- Winner of the 2026 Merit Award.
- Achieved over 700,000 app downloads.
- Processed over BHD 900 million in transactions.
Bridging the Gap for Bahrain’s Unbanked
The award celebrates stc pay’s role in building a digital financial ecosystem that is accessible to all. Through a simple, fully digital onboarding process, the platform has successfully brought low-income, blue-collar, and other previously unbanked residents into the formal financial system. This effort directly contributes to Bahrain’s Economic Vision 2030 and its national digital transformation agenda.
A Vital Tool for the Kingdom’s Expat Workforce
stc pay has focused heavily on addressing the needs of Bahrain’s large expatriate workforce. The platform provides secure and efficient tools for cash deposits, withdrawals, and international money transfers to more than 60 countries at competitive rates. Its exclusive integration with the Labour Market Regulatory Authority (LMRA) for the Wage Protection System (WPS) is particularly notable, ensuring employees receive their salaries in a timely and transparent manner.
Metin Zavrak, CEO of stc pay Bahrain commented, “We are honoured to receive this international recognition from the Merit Awards. This award reflects stc pay’s commitment to leveraging technology for the greater good. stc pay was born from our vision to create a digitally empowered and inclusive future for all residents of Bahrain, regardless of their income or banking history. By bridging critical financial gaps, we are not just connecting the unconnected; we are fostering economic stability and creating new opportunities that align perfectly with Bahrain’s national vision.”
Since its launch, stc pay Bahrain has processed more than 30 million transactions. The company continues to build its value proposition through strategic partnerships, including the Miles+ rewards program with Gulf Air and the issuance of exclusive Mastercard prepaid cards, solidifying its role in Bahrain’s shift towards a cashless society.
About stc pay Bahrain
stc pay Bahrain is a leading mobile wallet providing innovative and accessible digital financial services. Launched with a vision for financial inclusion, the platform offers services like digital onboarding, international remittances, and salary processing to empower all segments of Bahrain’s population, particularly the unbanked and expatriate communities.
Source: Zawya
