stc Group, the engine of digital transformation in the region, took part in the Seamless Saudi Arabia 2023 exhibition and conference held in Riyadh last week. More than 500 exhibiting companies, both local and international, along with 2,000 company representatives and 300 speakers, convened at the conference.
stc’s primary focus at the event revolved around its position as a digital transformation engine for fintech, e-commerce, retail, and payments industries, achieved via avant-garde digital solutions.
The group exhibited its digital and technical offerings, including the implementation of standard and soft POS through smart devices and payment systems. Additionally, stc presented ATM monitoring services and the utilization of VR technologies within the metaverse. Notably, stc leveraged AI technologies for geographical analysis, fraud detection, anti-money laundering, and contact points, among other applications.
Channels by stc expanded its offerings by leveraging its logistics arm, dal, to provide last-mile solutions. The company entered into strategic agreements with key players in the market, including Jahez Company, Alinma Bank, and the Basalah e-commerce platform, to solidify its position and ensure sustainability in the market. The services and products offered by myStore were also part of this expansion.
During the conference, stc Group signed two MoUs, including one with Saudi Bright Ware, a company specializing in software development and system integration as well as payment solutions. The MoU will facilitate financial and payment services for stc’s business sector clients.
In addition, stc entered a second MoU with Paytabs, a company providing payment solutions for business transactions between corporations and organizations. The MoU encompasses the exploration of ways to enable financial services and the development of a payments system. Moreover, the agreement aims to enhance innovation in fintech and provide a payment gateway service designed explicitly for stc within the business sector.
“stc’s participation in Seamless Saudi Arabia 2023 is a testament to its dedication to revolutionizing the fintech, e-commerce, retail, and payments landscape,” the group said in a statement.
“The group is channeling its resources toward developing cutting-edge payment solutions that optimize digital payment platforms for individuals and the corporate sector across diverse industries. stc remains committed to empowering various sectors digitally and advancing progress by providing state-of-the-art solutions.”