barq and Mastercard partner to enhance payment solutions in Saudi Arabia

barq, a Saudi financial services startup, has teamed up with Mastercard to enhance payment acceptance solutions through Mastercard Gateway. This partnership will provide barq's merchants and consumers in Saudi Arabia with access to a broad range of value-added services tailored to their needs. By leveraging Mastercard's seamless payment processing and robust fraud prevention technology, barq aims to offer greater convenience, speed, and security.

Ahmed Alenazi, CEO of barq, highlighted the importance of this partnership in meeting the growing demand for quick and secure cross-border transactions. Maria Parpou, EVP of Payment Gateway at Mastercard, emphasized their role in supporting the growth of Saudi Arabia's fintech ecosystem. Aligned with Vision 2030, this collaboration will contribute to the Kingdom's digital financial transformation.

Source: Mastercard