Page 18 - SAMENA Trends - September 2023

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MEMBERS NEWS

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

stc Group, the engine of digital transformation in the region, took organizations. The MOU encompasses the exploration of ways
part in the "Seamless Saudi Arabia 2023" exhibition and conference to enable financial services and the discussion of payment
held in Riyadh. Over 500 exhibiting companies, both local and system development. Moreover, the MOU aims to enhance the
international, along with 2000 company representatives and innovation prospects in fintech and provide a payment gateway
300 speakers, convened at the conference. The group's primary service designed explicitly for stc within the business sector. stc's
focus revolved around its position as a digital transformation participation in the "Seamless Saudi Arabia 2023" conference
engine for fintech, e-commerce, retail, and payments industries, and exhibition is a testament to its dedication to revolutionizing
achieved via avant-garde digital solutions. stc Group exhibited its the fintech, e-commerce, retail, and payments landscape. The
digital and technical offerings, including implementing Standard group is channeling its resources towards developing cutting-
and Soft POS through smart devices and payment systems. edge payment solutions that optimize digital payment platforms
Additionally, stc provided ATM monitoring services and utilized for individuals and the corporate sector across diverse industries.
VR technologies within the Metaverse. Notably, stc leveraged AI stc remains committed to empowering various sectors digitally
technologies for geographical analysis, fraud detection, Anti- and advancing progress by providing state-of-the-art solutions.
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 conference, stc Group entered two
MOUs 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 has entered a second MOU
with Paytabs, a company that specializes in providing payment
solutions for business transactions between corporations and

Etisalat by e& to Invest Up to $194.4mln in Egypt

in 2024

Etisalat by e&. will invest at least EGP 6 Asharq Business reported on September Ahmed Yahia. During a press conference,
billion into the Egyptian market in 2024, 7th, citing Chief Consumer Officer (CCO) Yahia expected the National Telecom Reg-
ulatory Authority (NTRA) to introduce new
increases in telecom services before the
end of this year. Yahia revealed that his
company submitted a request to the NTRA
to increase the prices of telecom and in-
ternet services by marginal rates that are
not equivalent to inflation rates. In 2022,
Etisalat Misr rebranded itself as Etisalat by
e&, in line with the rebranding of e& Group
in the Emirati market.

18 SEPTEMBER 2023