In the spotlight at Money 20/20, barq dominates the digital payments sector with a trio of Visa accolades.
Saudi Arabia-based fintech company Barq has made a significant mark in the digital economy, winning three awards at the recent Money 20/20 Middle East conference held in Riyadh.
The awards recognise Barq's rapid expansion in building a wide user base, its commitment to innovation, and its contribution to financial inclusion in the Kingdom and the region.
One of the awards, the Highest International Transaction Volumes, was given to Barq for its leading position in transaction volumes among fintech companies in Central and Eastern Europe, the Middle East, and Africa. This achievement underscores Barq's strong presence in local and international markets.
Another award, the Fastest Growing Fintech Company, highlights Barq's impressive growth over the years. With a user base spanning more than 150 nationalities, Barq has earned the trust of millions of customers and issued over 6.5 million cards. The company's success has been evident in its enabling of over 500 million payment transactions.
Visa, a global leader in digital payments, commended Barq as a leading model of innovation in the fintech sector. The third award, the Regional Impact Award, acknowledges Barq's role in enhancing the digital economy and contributing to financial inclusion in the Kingdom and the region.
Barq's achievements align with the objectives of Saudi Vision 2030, which aims to transform the Kingdom's economy and make it one of the most prominent emerging fintech markets globally.
The conference, which included participation from pioneers in digital payments, banking, and technology from around the world, provided a platform for Barq to showcase its advanced payment services and efficient and secure cross-market payments ecosystem.
Barq, which established its headquarters in Saudi Arabia in 2005, remains committed to continuing innovation and providing services that meet market requirements. The company's success is a testament to its dedication to driving the digital economy forward and creating a more inclusive financial landscape.
Read also:
- chaos unveiled on Clowning Street: week 63's antics from 'Two-Tier Keir' and his chaotic Labour Circus
- Skechers Debuts First American Stores Focused on Athletic Footwear Performance
- Racing ahead in Renewable Energy Dominance: Changzhou, Jiangsu Pushes for Worldwide Renewable Energy Ascendancy
- Funds Amounting to Over Two Hundred Million Rupees Collected on Impact Guru to Aid Punjab's Flood Victims in Reconstructing Their Homes
