Page 25 - SAMENA Trends - Gitex Special 2023

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

stc Group presents Its Digital Fintech Solutions During “Seamless Saudi
Arabia 2023”

stc Group, the engine of digital transforma- ence, stc Group entered two MOUs with a payment gateway service designed
tion in the region, took part in the "Seamless Saudi Bright Ware, a company special- explicitly for stc within the business
Saudi Arabia 2023" exhibition and confer- izing in Software Development and System sector. stc's participation in the "Seamless
ence held in Riyadh. Over 500 exhibiting Integration as well as payment solutions. Saudi Arabia 2023" conference and exhibi-
companies, both local and international, The MOU will facilitate financial and tion is a testament to its dedication to
along with 2000 company representatives payment services for stc's business sector revolutionizing the fintech, e-commerce,
and 300 speakers, convened at the confer- clients. In addition, stc has entered a retail, and payments landscape. The
ence. The group's primary focus revolved second MOU with Paytabs, a company that group is channeling its resources towards
around its position as a digital transforma- specializes in providing payment solutions developing cutting-edge payment
tion engine for fintech, e-commerce, retail, for business transactions between solutions that optimize digital payment
and payments industries, achieved via corporations and organizations. The MOU platforms for individuals and the corporate
avant-garde digital solutions. stc Group encompasses the exploration of ways to sector across diverse industries. stc
exhibited its digital and technical offerings, enable financial services and the discus- remains committed to empowering various
including implementing Standard and Soft sion of payment system development. sectors digitally and advancing progress
POS through smart devices and payment Moreover, the MOU aims to enhance the by providing state-of-the-art solutions.
systems. Additionally, stc provided innovation prospects in fintech and provide
ATM monitoring services and utilized
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 also entered into
strategic agreements with key players
in the market, including Jahez Company,
Alinma Bank, and 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 confer-

etisalat by e& Globally Achieves Critical 5G
mmWave Milestone

etisalat by e& today announced a global km with high speeds. The step aimed at the ability of 5G networks to enable uplink
industry milestone with the successful addressing the demand of consumers and heavy video and real-time data transfer
pilot deployment of mmWave over 10 enterprises to have a solution following scenarios over a specific geographical
kilometres laying the foundation for the highest standards of data security and area, effectively paving the way toward
commercial 5G private networks and digitalisation over mobile network that’s the digital transformation of industries
accelerating digital transformation also capable to deliver large amounts of operating over vast areas. Marwan Bin
journey for customers and businesses. data reliably and securely. The mmWave Shakar, SVP Access Network Development,
The implementation of 5G mmWave (FR2 spectrum generally refers to above 24GHz, etisalat by e& said: “This deployment is a
only) network capability was steered as that can deliver extreme capacity, ultra- commitment to unleashing the full potential
part of etisalat by e& vision to deliver state high throughput and ultra-low latency of 5G network and pushing the boundaries
of art technologies to the society. This is which has huge potential in multiple to redefine the world of connectivity. This
considered as a global first 5G deployment applications for consumers as well as is a significant milestone for 5G mmWave,
on mmWave @ 26Ghz, FR2 only over 10 enterprises. The solution demonstrates especially that the demand for data has

25 GITEX SPECIAL 2023