Riyadh – Mubasher: Saudi fintech company barq joined forces with Mastercard to empower its customers with enhanced payment acceptance solutions through Mastercard Gateway, according to a press release.
Under the agreement, barq will deploy Mastercard Gateway technology to further equip its merchants and consumers around the Kingdom with greater access to a wide range of value-added services.
The partnership will allow barq to expand its service offering, leveraging Mastercard Gateway’s seamless payment processing and robust fraud prevention technology.
The Founder of barq said: “Mastercard has developed a world-class range of cross-border services and remittances solutions. We look forward to working closely with the technology company to empower the people and communities we serve with seamless access to these tools.”
Maria Parpou, EVP of Payment Gateway at Mastercard, commented: “Together, we aim to redefine financial services, curating an expansive portfolio of world-class offerings that empower people and businesses to make payments as they please.”
In line with Saudi Vision 2030, the joint deal aims to bolster the digital transformation of financial services in the Kingdom, meeting the growing demand for financial transactions between people and businesses in different countries.
On the slides of the 24 Fintech event, which launched in Saudi Arabia to serve as a global meeting point, barq teamed up with Unifonic to foster AI-driven technology.
