barq and Thunes Collaborate for Faster Cross-Border Payments
barq and Thunes Unite for Enhanced Remittance Services
Through a transformative partnership, barq and Thunes are set to revolutionize the remittance landscape in Saudi Arabia. With the integration of Thunes' robust Direct Global Network, barq is positioned to provide seamless money transfer services to numerous consumers across the Kingdom. This collaboration brings modern financial solutions to those needing to send money quickly and reliably.
Real-Time Transactions for Global Reach
By leveraging Thunes' secure and efficient infrastructure, barq now allows its users to send money across borders effortlessly. Transactions are executed in real-time, enabling customers to transfer funds to billions of mobile wallets and bank accounts internationally. This advancement not only strengthens barq's position but also reflects the growing demand for swift financial solutions in an increasingly digital world.
Focused on Delivering Excellence
The partnership signifies more than just improvement in remittance services; it embodies a commitment to customer satisfaction and innovation. Barq aims to deliver internationally competitive remittance services, thereby enhancing the experience for users throughout Saudi Arabia.
A New Era of Financial Convenience
The Saudi Arabian remittance market, recognized as one of the most promising globally, is rapidly evolving due to technological advancements and an overarching vision for a digitally empowered economy. The collaboration between barq and Thunes aligns perfectly with the country’s progressive Vision 2030 initiative, which prioritizes digital payment solutions.
Leadership Statements
The Director of International Partnerships at barq, Thamer Alharbi, articulated, "Our partnership with Thunes has successfully transitioned from concept to reality, empowering our customers with faster remittance options. This development strengthens barq's reputation as the preferred digital wallet in the region. We are dedicated to providing innovative and accessible financial services, and Thunes' advanced solutions support this mission."
Ahmad Yaacoub, Vice President and Country Head for the Kingdom of Saudi Arabia at Thunes stated, "Witnessing our collaboration with barq come to fruition is an exciting milestone. This launch illustrates our shared vision of delivering efficient and customer-focused payment experiences that support Saudi Arabia's goals for a technologically advanced financial ecosystem."
About barq and Thunes
Barq is rapidly establishing itself as a leader in the digital wallet sector within Saudi Arabia. Its commitment to enhancing financial services is clear through its latest offerings. Meanwhile, Thunes continues to be recognized as the Smart Superhighway for global money movement, allowing real-time payments in over 130 countries and more than 80 currencies. Their exemplary network connects directly to billions of bank accounts and mobile wallets, facilitating essential financial transactions across the globe.
Frequently Asked Questions
What is the significance of the partnership between barq and Thunes?
This partnership enhances remittance services, allowing users to send money quickly and reliably across borders through a secure and efficient system.
How do barq users benefit from this collaboration?
Users can enjoy real-time transactions, facilitating quick transfers to millions of mobile wallets and bank accounts globally.
What market does this collaboration target?
The collaboration primarily targets the Saudi Arabian remittance market, which is one of the largest in the world.
What is Thunes known for?
Thunes is celebrated for being the Smart Superhighway for moving money internationally, providing real-time payment solutions across a vast network.
Why is the partnership crucial for Saudi Arabia's economy?
The partnership supports Saudi Arabia's Vision 2030, aiming to digitize financial services and improve accessibility and efficiency in the financial sector.
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