Barq Teams Up With Mastercard To Enhance Digital Payments
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Barq, a financial services startup in Saudi Arabia, has collaborated with Mastercard. The company said the partnership will allow it to provide its customers with advanced payment options through the Mastercard Gateway.
Under the new strategic deal, Barq will utilize Mastercard Gateway technology to provide better services for merchants and consumers throughout the Kingdom. This will include a range of tailored, responsive solutions to suit individual needs and preferences.
Barq’s Partnership With Mastercard Aims To Deliver Modern Solutions In Saudi
The Executive & Founder of Barq has emphasized an important development for the Kingdom and the wider financial world. The new partnership with Mastercard aims to deliver the modern solutions that Saudi citizens and businesses are seeking for efficient and secure global money transfer.
Mastercard said its range of excellent cross-border and remittance services are now available. The company is looking forward to working with Barq to ensure that people and communities can easily use these tools.
Maria Parpou, EVP of Payment Gateway at Mastercard, highlighted the company’s pride in being a key partner for the Kingdom’s ongoing transformation. She noted that Mastercard is dedicated to contributing to the growth of Saudi Arabia’s fintech industry by working alongside forward-thinking companies like Barq.
Parpou added that together, Barq and Mastercard will boost financial services by creating many important payment options that give people and businesses more freedom.
The company said the partnership will support the digital changes in financial services in Saudi Arabia, following Vision 2030. It added that the alliance will help meet the rising need for money transactions between people and businesses in different countries.
Mastercard Gateway Provides Payment Processing And Fraud Prevention Services
Mastercard Gateway supplies leading payment processing and fraud prevention services to banks, merchants, small businesses, and technology partners. It gives its partners the reach, security, and cutting-edge tools to succeed in the digital payment world.
The Gateway offers services like subscriptions, membership and automatic payments, installments, and bills. Mastercard said it also provides other regular business transactions that don’t need the payer to be present on the website or application.
Mastercard is a big tech company that deals with payments around the world. It wants to help everyone by making online money transactions safe, easy, smart, and accessible. The company uses secure data, strong connections, and teamwork to help people, banks, governments, and businesses do their best with its new ideas and solutions.
The company revealed that it is connected to over 210 countries. With this, it aims to build a world where impossibilities are limited.