Barq, a leading FinTech startup in Saudi Arabia, has announced a strategic partnership with global financial services leader Mastercard. Known for its cutting-edge innovations in the financial sector, Barq aims to modernize and streamline payment systems for its users.
Through this partnership, Barq will enhance its payment acceptance capabilities by leveraging the Mastercard Gateway across Saudi Arabia. This collaboration promises to deliver advanced, secure payment solutions tailored to the needs of both businesses and consumers, creating a more efficient and secure transaction environment.
Barq plans to integrate Mastercard’s robust technology, focusing on seamless payment processing and enhanced fraud prevention measures. This move will provide Barq’s clients with a more convenient and secure payment experience.
Maria Parpou, Executive Vice President of Payment Gateway at Mastercard, expressed her excitement about the partnership, saying, “At Mastercard, we are proud to be a trusted partner in the Kingdom’s ongoing transformation. By working closely with forward-thinking companies like Barq, we aim to redefine financial services and offer a world-class portfolio of solutions that empower businesses and individuals to make payments with ease.”
This partnership underscores both companies’ commitment to advancing the fintech ecosystem in Saudi Arabia and driving the future of financial services in the region.
