stcPay has delivered smooth, contactless transactions with the aim of a cashless society by 2030. Now, it allows customers to track their spending and savings real time, with a variety of cash flow and spending tools as well.

stcPay partnered with Moven, to enrich its digital experiences and work together to provide flexible and innovative data-driven solutions that support financial wellness. Because banking has been evolving and becoming digital, stcPay is guiding and assisting their customers in building a more robust digital banking experience.

Saudi Arabia-based stcPay is subsidiary of Saudi Telecom a leading financial services provider in the Gulf states that’s gaining international recognition for its proactive approach to digital transformation in banking. Last year, Western Union announced that it’s planning to invest $200 million in the fintech for a 15% stake in the company.

That makes stcPay a significant player in the region and also now has a powerful partner to help grow its base of operations. That partnership combined with Moven’s financial and data insights add another layer of competitive opportunity to stcPay onto a larger global stage.

Those insights also apply to internal use as well. The more actionable data a financial partner can receive from its customers the more ability it has to use that data to provide a more personalized and effective financial experience. Moven doesn’t just deliver more data to financial partners, but supports actionable insights so banks and fintechs can monetize the data.

“One of the main pillars of our strategies is to be customer-centric,” said Ahmed Mohammad Alenazi, CEO of stcPay. “We always strive to provide our clients with financial analysis of their expenses to enrich their digital banking experience and to help them spend smarter." Alenazi pointed out that “the new financial data analytics feature supports customers' smart spending and provides them with multiple options and different time patterns as they wish, providing accurate results and a comprehensive view of expenses.”

“Our partnership with stcPay is very exciting, in that they have been able to leverage our technology and deploy it in a meaningful way that makes sense to their growing market,” said Bryan Clagett, Chief Revenue Officer at Moven. “Our solution is remarkably flexible, allowing STC to craft their interpretation of financial wellness to provide a more robust experience for their end-users, while giving stcPay the insights that are valuable to them as an industry leader.”