28 February 2023
stc pay concludes its participation in LEAP 2023 with the signing of several MoUs

Riyadh: Feb 9, 2023

stc pay, the leading digital wallet, concluded its participation as an exhibitor at the LEAP 2023 Conference which took place in Riyadh, from February 6 to 9. stc pay showcased its latest services and solutions and shed lights on the future technologies and the Importance of the new era of Banking, which paves the way towards a cashless society and to raise digital financial transaction rates by 70% by 2030. stc pay also signed several agreements and MOUs with e-commerce and digital payment pioneers.

Over the course of four days, stc pay signed several agreements and MoUs with the aim of providing stc pay solutions and services. On the first day of the conference, stc pay concluded 3 cooperation agreements, with the integrated digital platform for administrative and financial procedures for companies “Mudad”, “Rekab” Solutions Company, and the Innovative technology solutions platform for managing residential and commercial facilities “Munjaz”, to enable it to provide stc pay digital payment services to its customers, and in the aim of providing the latest digital payments solutions and services.

During the second day, stc pay signed MoUs with the delivery app “Ninja”, the Saudi Post “SPL”, and the commuting app “JENNY”, to enable them to provide the latest digital payment services and solutions. On the third and fourth day, stc pay also signed with Diriyah Gate Development Authority “DGDA”, “Direct Pay”, & Gulf General Cooperative Insurance.

This step is part of stc pay’s commitment to accelerate and develop the digital transformation of the payments sector to keep pace with the rapid changes taking place in the digital payments sector and the banking sector in the Kingdom, as well as to provide its outstanding solutions to build a cashless society and increase the rates of digital financial transactions.

LEAP 2023 is the largest and first conference of its kind to focus on the FinTech, Payments, and E-Commerce sector in the Kingdom, attracting more than 250,000 visitor, over 100,000 innovators and tech experts, and more than 500 speakers.


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