Saudi fintech barq has partnered with Mastercard to empower its customers with a range of industry-leading payment acceptance solutions through Mastercard Gateway.
The strategic agreement will see barq leverage Mastercard Gateway technology to further equip its merchants and consumers in Saudi Arabia with greater access to a wide range of value-added services – responsive, personalised solutions that cater to their unique needs and preferences.
The partnership will enable barq to expand its service offering, utilising Mastercard Gateway’s seamless payment processing and robust fraud prevention technology to deliver greater convenience, speed and added peace of mind.
“We strive to play a key role in driving the growth and development of the Saudi fintech ecosystem, working closely with innovative companies such as barq. 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,” said Maria Parpou, EVP of Payment Gateway,
The partnership will contribute to the digital transformation of financial services in Saudi Arabia in line with Vision 2030 while responding to a growing demand for financial transactions between people and businesses.
Mastercard Gateway offers advanced payment processing and fraud prevention technology to acquiring banks, merchants, micro-merchants, and technology partners. It provides its partners with the reach, security and innovation to compete in the world of digital payments.
Some of the value-added services available via Mastercard Gateway include membership and automatic payments, subscriptions, bills, instalments and many other business flows that require payments at regular intervals without the payer’s presence on the website or app.
