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Western Union buys 15% stake in Saudi Telecom's digital payment unit
Western Union, the world's largest money transfer firm, has acquired a 15% stake in the digital payment unit of Saudi Arabia's STC Group for $200 million. The acquisition of stc pay, which values the company at 5 billion riyals ($1.3 billion), will finance its capital and support long-term expansion plans,…
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Click here to read the full story: ET Telecom.com.