By Yousef Saba

DUBAI: The digital payments business<\/a> of Saudi Arabia's Saudi Telecom Company<\/a> (STC<\/a>), stc pay, is in talks with Gulf regulators to seek approval to operate in the United Arab Emirates<\/a>, Kuwait and Bahrain, its CEO said on Monday.

STC said on Saturday that Western Union, the world's largest money transfer company, has acquired a 15% stake in stc pay for $200 million, valuing the business at $1.3 billion.

\"It is - God willing - next year, but is subject to their regulatory approvals,\" Ahmed Alenazi said of the planned expansion into the UAE, Kuwait and Bahrain.

He said that Egypt was also being discussed, though the Gulf nations were the immediate target. Asked about other markets, such as India, Pakistan and the Philippines, Alenazi said sthat tc pay would \"follow the money\".

\"We have to add value to the ecosystem. We are not looking just to be a regular player that comes with the same approach. We are looking to be innovative,\" he said, declining to detail the approach.

Alenazi declined to comment on the company's financials or growth, only saying that growth has been \"massive\" and that stc pay has 4.5 million active users, with 500,000 people logging into to the application every day.

Stc pay is the first fintech company licensed by the Saudi Arabian Monetary Authority, the Saudi central bank. Alenazi said the business is also hoping to become the kingdom's first licensed digital bank, allowing it to offer additional services such as lending.

Alenazi declined to say whether stc pay plans to go public at some point in the future, saying that would be up to its shareholders.

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沙特电信的数字支付业务的海湾地区的扩张计划

沙特阿拉伯数字支付业务的沙特电信公司(STC)、失学,正与海湾地区监管机构寻求批准在阿拉伯联合酋长国、科威特和巴林,其首席执行官周一表示。

  • 2020年11月23日更新是07:59点
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由约瑟夫萨巴

迪拜:电子支付业务的沙特阿拉伯的沙特电信公司(STC)),优质支付,是海湾地区与监管机构寻求批准经营的阿拉伯联合酋长国,科威特,巴林,其首席执行官周一表示。

STC)周六表示,西方联盟,世界上最大的汇款公司,收购了15%的股份STC)支付2亿美元,评估业务为13亿美元。

”——上帝保佑明年,但受到监管机构的批准,”艾哈迈德Alenazi表示的计划扩张到阿联酋,科威特,巴林。

他说,埃及也正在讨论,尽管海湾国家的直接目标。问及其他市场,如印度、巴基斯坦和菲律宾,Alenazi说sthat tc支付“跟着钱走”。

广告
“我们必须增加价值的生态系统。我们不是看起来只是一个普通玩家,用同样的方法。我们正在寻求创新,”他说,拒绝细节的方法。

Alenazi拒绝评论该公司的财务或增长,只说增长“巨大”,stc工资有450万活跃用户,有500000人每天登录到应用程序。

优质支付是第一个fintech公司授权由沙特阿拉伯的货币权威,沙特央行。Alenazi说业务也希望成为王国的第一数字授权银行,允许它提供额外贷款等服务。

Alenazi拒绝透露是否上市优质薪酬计划在将来的某个时候,说这将是其股东。

  • 发布于2020年11月23日07:56点坚持
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By Yousef Saba

DUBAI: The digital payments business<\/a> of Saudi Arabia's Saudi Telecom Company<\/a> (STC<\/a>), stc pay, is in talks with Gulf regulators to seek approval to operate in the United Arab Emirates<\/a>, Kuwait and Bahrain, its CEO said on Monday.

STC said on Saturday that Western Union, the world's largest money transfer company, has acquired a 15% stake in stc pay for $200 million, valuing the business at $1.3 billion.

\"It is - God willing - next year, but is subject to their regulatory approvals,\" Ahmed Alenazi said of the planned expansion into the UAE, Kuwait and Bahrain.

He said that Egypt was also being discussed, though the Gulf nations were the immediate target. Asked about other markets, such as India, Pakistan and the Philippines, Alenazi said sthat tc pay would \"follow the money\".

\"We have to add value to the ecosystem. We are not looking just to be a regular player that comes with the same approach. We are looking to be innovative,\" he said, declining to detail the approach.

Alenazi declined to comment on the company's financials or growth, only saying that growth has been \"massive\" and that stc pay has 4.5 million active users, with 500,000 people logging into to the application every day.

Stc pay is the first fintech company licensed by the Saudi Arabian Monetary Authority, the Saudi central bank. Alenazi said the business is also hoping to become the kingdom's first licensed digital bank, allowing it to offer additional services such as lending.

Alenazi declined to say whether stc pay plans to go public at some point in the future, saying that would be up to its shareholders.

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