Promon selected by Saudi Telecom Company (STC) to Secure Mobile Payments

Promon, the industry leader of app security solutions, today announced that Saudi Telecom Company (STC) has chosen Promon SHIELD™ as the preferred Application Shielding solution for their mobile wallet app.

STC Pay is a digital secure wallet that empowers individuals to take full control of their finances at their fingertips- anytime, anywhere. Enabling them to send, receive, spend, and manage money easily through their phone.

“Security of our customers’ funds and wallets have top priority for us. Because of the insecure nature of mobile platforms today, we decided to protect the STC Pay app with Promon SHIELD™. After reviewing several vendors, we concluded that Promon had the best product offering,” said Ulas Bilgenoglu, Development Director of STC Pay.

“The chance for brand damage, lost IP and stolen customer data skyrockets as organizations push more dynamic content to their apps. We see a clear trend in increased attention from the telecom industry looking to raise the security level of their apps,” said Lars Lunde Birkeland, Marketing Director of Promon. 

He added: “This partnership with STC is a huge recognition of our leading technology and an acknowledgment of the absolute importance of Promon’s products in a world of mobility.” 

About Promon SHIELD™

Promon SHIELD™ goes beyond basic best practices for secure programming and extends the security beyond the downloaded app. Most developers do not consider a downloaded app to differ from the app they have published on an app store.

This is however not the case, as most apps rely heavily on platform elements during execution to perform their intended functionalities. Promon SHIELD™ is designed to not only protect the app itself, as downloaded to a device, but also the platform elements which the app is relying on to execute.