https://arab.news/c8bge
Saudi fintech application barq and TerraPay, a global money movement company, have signed a strategic partnership agreement. The collaboration, formalized during Seamless 2024 in Dubai, will provide fast and secure international money transfer services.
Ahmed Alenazi, CEO of barq, said: “We are delighted to collaborate with TerraPay to enhance our international money transfer services. This alliance reflects our commitment to innovation and customer satisfaction.”
Ani Sane, co-founder and chief business officer — TerraPay, said: “This partnership is not just another agreement; it is a testament to our commitment to supporting promising projects in Saudi Arabia like barq. Through this collaboration, we aim to deliver fast, efficient, and secure international money transfer services that adhere to global standards.”
Supported by TerraPay’s extensive global payments network, this agreement aligns with barq’s efforts to expand its service offerings, catering to customer needs and keeping pace with the growth of the fintech sector, both within and beyond the Kingdom.
barq received a license from the Saudi Central Bank in January this year. Developed in Riyadh by Saudi talents, barq aims to revolutionize the Kingdom’s fintech sector with its unique services, secure payment methods, and the expertise of its team.