barq and Riyadh Air have signed a strategic settlement to develop a complete fee know-how answer for the airline. The long-term partnership will assist Riyadh Air’s industrial operations by way of an built-in, safe, and scalable funds ecosystem.
Below the settlement, barq will assist Riyadh Air in growing fee capabilities throughout the complete fee lifecycle. It will assist improve the visitor expertise whereas strengthening regulatory compliance, fraud prevention, and operational effectivity.
The partnership positions barq as Riyadh Air’s strategic fee know-how associate. The 2 corporations will work collectively on implementation, integration, and ongoing platform enhancement to enhance transaction success charges and supply passengers with versatile, safe fee choices throughout all channels.
The collaboration displays each corporations shared dedication to advancing Saudi Arabia’s digital financial system and supporting the goals of Imaginative and prescient 2030 by way of innovation and customer-centric monetary companies.
Commenting on the settlement, Faisal Al-Bashr, Chief Partnerships Officer, Partnerships at barq, mentioned:” Our partnership with Riyadh Air underscores barq’s dedication to driving digital innovation by way of robust strategic alliances. By combining our fee experience with Riyadh Air’s imaginative and prescient, we’re creating frictionless monetary journeys for international passengers whereas advancing the Kingdom’s Imaginative and prescient 2030 digital financial system objectives.”
Adam Boukadida, Chief Monetary Officer of Riyadh Air, mentioned: “Our partnership with barq strengthens the monetary and operational basis for our fee ambitions. This strategic collaboration will assist us construct an environment friendly, modern fee infrastructure designed to scale with our development, whereas sustaining the self-discipline and resilience our industrial operations require. It marks an essential step in delivering a fee ecosystem that helps Riyadh Air’s long-term.”
