Latest news with #barq
Arab News
22-03-2025
- Business
- Arab News
barq achieves new heights in financial services through strategic collaboration with Western Union
barq has announced a strategic partnership with Western Union, a global leader in international money transfers. This collaboration aims to redefine remittance services in the Kingdom, enabling millions of users to send and receive money through the barq app with unmatched ease and security. By combining Western Union's extensive global payment network with barq's advanced financial technology, users can now enjoy immediate access to international money transfer services directly within the barq app. This partnership aligns seamlessly with the goals of Saudi Vision 2030, which focuses on accelerating digital transformation and fostering financial inclusion across the Kingdom. Through this integration, barq users will benefit from enhanced convenience, faster transactions, and the ability to send money globally with a trusted, world-class partner. The partnership ensures secure international transfers at competitive rates while significantly reducing the time and effort required, thanks to Western Union's network spanning over 200 countries. Faisal Al-Khamisi, chairman of barq, stated: "This partnership represents a new strategic step that positions barq at the forefront of financial innovation. It aligns with the Kingdom's Vision 2030, which aims to accelerate digital transformation and promote financial inclusion. At barq, we believe that providing advanced financial solutions is not limited to offering payment services alone but extends to transforming the user experience. This is what we are achieving today through this integration, which provides easy, fast, and secure international remittance services to millions of users, strengthening barq's position as one of the most important players in the digital financial sector." This partnership underscores barq's commitment to financial empowerment and innovation, solidifying its position as a leading digital financial services company in Saudi Arabia. Notably, barq is the fastest-growing digital wallet in the Kingdom, boasting over three million satisfied users in record time since its launch. It continues to enhance user experiences and deliver world-class financial services through groundbreaking partnerships and alliances.
Saudi Gazette
21-03-2025
- Business
- Saudi Gazette
barq achieves new heights in financial services through a strategic collaboration with Western Union
barq has announced a strategic partnership with Western Union, a global leader in international money transfers. This collaboration aims to redefine remittance services in the Kingdom, enabling millions of users to send and receive money through the barq app with unmatched ease and security. By combining Western Union's extensive global payment network with barq's advanced financial technology, users can now enjoy immediate access to international money transfer services directly within the barq app. This partnership aligns seamlessly with the goals of Saudi Vision 2030, which focuses on accelerating digital transformation and fostering financial inclusion across the Kingdom. Through this integration, barq users will benefit from enhanced convenience, faster transactions, and the ability to send money globally with a trusted, world-class partner. The partnership ensures secure international transfers at competitive rates while significantly reducing the time and effort required, thanks to Western Union's network spanning over 200 Al-Khamisi, Chairman of barq, stated:"This partnership represents a new strategic step that positions barq at the forefront of financial innovation. It aligns with the Kingdom's Vision 2030, which aims to accelerate digital transformation and promote financial inclusion. At barq, we believe that providing advanced financial solutions is not limited to offering payment services alone but extends to transforming the user experience. This is what we are achieving today through this integration, which provides easy, fast, and secure international remittance services to millions of users, strengthening barq's position as one of the most important players in the digital financial sector."This partnership underscores barq's commitment to financial empowerment and innovation, solidifying its position as a leading digital financial services company in Saudi barq is the fastest-growing digital wallet in the Kingdom, boasting over three million satisfied users in record time since its launch. It continues to enhance user experiences and deliver world-class financial services through groundbreaking partnerships and alliances.
Mid East Info
26-02-2025
- Business
- Mid East Info
HyperPay signs MoU with barq to elevate quality of services and enhance customer satisfaction - Middle East Business News and Information
HyperPay, a leading payment gateway provider in the MENA region, signed a Memorandum of Understanding (MoU) with barq, an innovative start-up in Saudi Arabia's financial services sector. The strategic partnership aligns with HyperPay's efforts to enhance the quality of services for clients, further ensure their satisfaction, and meet their needs by offering advanced financial services. Muhannad Ebwini, Founder and CEO of HyperPay, and Abduelah bin Khathlan, Acquiring Director at barq, signed the MoU during LEAP 2025, which was held recently at the Riyadh Exhibition and Convention Center in Malham, north of Riyadh, for the fourth consecutive year. Over 1800 prominent global and local companies from the financial and technology sectors participated in the event. Muhannad Ebwini, Founder and CEO of HyperPay, stated: 'Our partnership with barq is a testament to our strategic and shared vision of innovating and delivering exceptional financial services across the Kingdom. This initiative allows us to provide innovative and up-to-date financial services, further driving digital transformation and addressing evolving market demands. It also plays a crucial role in achieving the objectives of Saudi Vision 2030, which aims to promote sustainable development and strengthen the national economy and diversity.' Abduelah bin Khathlan, Acquiring Director at barq, said: 'It is an honour to sign this MoU with HyperPay. It has the potential to leverage both companies' strengths and create diverse and smart experiences for users of the barq digital wallet and electronic payment application. It reflects our ambitious vision and commitment to foster innovation and renewal, further ensuring customer satisfaction and trust in our financial services.' This MoU reflects HyperPay's commitment to forge strong partnerships that enhance the development of the company's financial services. These partnerships aim to provide reliable, fast, and innovative financial solutions that meet customer and market expectations, especially as the financial technology and digital payments sectors in the Kingdom continue to evolve rapidly.
Web Release
25-02-2025
- Business
- Web Release
HyperPay signs MoU with barq to elevate quality of services and enhance customer satisfaction
By Editor_wr On Feb 25, 2025 HyperPay, a leading payment gateway provider in the MENA region, signed a Memorandum of Understanding (MoU) with barq, an innovative start-up in Saudi Arabia's financial services sector. The strategic partnership aligns with HyperPay's efforts to enhance the quality of services for clients, further ensure their satisfaction, and meet their needs by offering advanced financial services. Muhannad Ebwini, Founder and CEO of HyperPay, and Abduelah bin Khathlan, Acquiring Director at barq, signed the MoU during LEAP 2025, which was held recently at the Riyadh Exhibition and Convention Center in Malham, north of Riyadh, for the fourth consecutive year. Over 1800 prominent global and local companies from the financial and technology sectors participated in the event. Muhannad Ebwini, Founder and CEO of HyperPay, stated: 'Our partnership with barq is a testament to our strategic and shared vision of innovating and delivering exceptional financial services across the Kingdom. This initiative allows us to provide innovative and up-to-date financial services, further driving digital transformation and addressing evolving market demands. It also plays a crucial role in achieving the objectives of Saudi Vision 2030, which aims to promote sustainable development and strengthen the national economy and diversity.' Abduelah bin Khathlan, Acquiring Director at barq, said: 'It is an honour to sign this MoU with HyperPay. It has the potential to leverage both companies' strengths and create diverse and smart experiences for users of the barq digital wallet and electronic payment application. It reflects our ambitious vision and commitment to foster innovation and renewal, further ensuring customer satisfaction and trust in our financial services.' This MoU reflects HyperPay's commitment to forge strong partnerships that enhance the development of the company's financial services. These partnerships aim to provide reliable, fast, and innovative financial solutions that meet customer and market expectations, especially as the financial technology and digital payments sectors in the Kingdom continue to evolve rapidly. Comments are closed.
Zawya
25-02-2025
- Business
- Zawya
HyperPay signs MoU with barq to elevate quality of services and enhance customer satisfaction
Riyadh, KSA - HyperPay, a leading payment gateway provider in the MENA region, signed a Memorandum of Understanding (MoU) with barq, an innovative start-up in Saudi Arabia's financial services sector. The strategic partnership aligns with HyperPay's efforts to enhance the quality of services for clients, further ensure their satisfaction, and meet their needs by offering advanced financial services. Muhannad Ebwini, Founder and CEO of HyperPay, and Abduelah bin Khathlan, Acquiring Director at barq, signed the MoU during LEAP 2025, which was held recently at the Riyadh Exhibition and Convention Center in Malham, north of Riyadh, for the fourth consecutive year. Over 1800 prominent global and local companies from the financial and technology sectors participated in the event. Muhannad Ebwini, Founder and CEO of HyperPay, stated: 'Our partnership with barq is a testament to our strategic and shared vision of innovating and delivering exceptional financial services across the Kingdom. This initiative allows us to provide innovative and up-to-date financial services, further driving digital transformation and addressing evolving market demands. It also plays a crucial role in achieving the objectives of Saudi Vision 2030, which aims to promote sustainable development and strengthen the national economy and diversity.' Abduelah bin Khathlan, Acquiring Director at barq, said: 'It is an honour to sign this MoU with HyperPay. It has the potential to leverage both companies' strengths and create diverse and smart experiences for users of the barq digital wallet and electronic payment application. It reflects our ambitious vision and commitment to foster innovation and renewal, further ensuring customer satisfaction and trust in our financial services.' This MoU reflects HyperPay's commitment to forge strong partnerships that enhance the development of the company's financial services. These partnerships aim to provide reliable, fast, and innovative financial solutions that meet customer and market expectations, especially as the financial technology and digital payments sectors in the Kingdom continue to evolve rapidly. -Ends-
