Fintech

FinTech Barq and TerraPay Partner to Increase Global Money Transfers

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8 months ago

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By Delisha Fernandes

Today

  • Bank account
  • barq
  • Cross-border payments

Saudi Arabia-based FinTech app barq has signed a strategic partnership with the global money movement company TerraPay. This collaboration aims to provide fast and secure international money transfer services.

Ahmed AlenaziCEO of Barq, said: “We are pleased to partner with TerraPay to enhance our international money transfer services. This alliance reflects our commitment to innovation and customer satisfaction.”

Supported by TerraPay’s extensive global payments network, this agreement is in line with barq’s efforts to expand its service offerings, meeting customer needs and keeping pace with the growth of the FinTech sector, both internally and outside the Kingdom.

Ani SaneCo-Founder and Business Director – TerraPay, said: “This partnership is not just another deal; It is a testament to our commitment to supporting promising projects in Saudi Arabia like Barq. Through this collaboration, we aim to provide fast, efficient and secure international money transfer services that adhere to global standards.”

TerraPay makes it easy to move money anywhere, providing a single connection to the largest regulated cross-border payments network in 30 global markets, enabling payments to 141 receiving countries, 210+ sending countries, 7.5 billion+ bank accounts, and counting 2.1 billion mobile wallets.

barq received a license from the Saudi Central Bank (SAMA) in January this year. Developed in Riyadh by Saudi talent, barq is expected to revolutionize the Kingdom’s FinTech sector in the coming years. This is due to its unique services, secure payment methods and the expertise of its team.

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