Saudi Arabian digital wallet barq has officially launched its enhanced international remittance services, activating a strategic partnership with global payments network Thunes. The move allows millions of Barq customers across the Kingdom to send money seamlessly and in real-time to billions of bank accounts and mobile wallets around the world.
Expanding Global Reach for Saudi Customers
By integrating with Thunes’ Direct Global Network, Barq has significantly upgraded its cross-border payment capabilities. The partnership provides Barq users with a faster, more reliable, and far-reaching service, reinforcing the fintech company’s position as a leading mobile wallet in Saudi Arabia. The launch marks the execution of a collaboration that was first announced in 2024.
Supporting Saudi’s Vision 2030
This launch aligns directly with Saudi Arabia’s Vision 2030, a national strategy focused on digitizing payments and modernizing the financial ecosystem. The Saudi remittance market is one of the largest in the world, and this partnership between a local leader like Barq and a global network like Thunes is poised to deliver a best-in-class service that supports the country’s digital transformation goals.
From Vision to Reality
Thamer Alharbi, Director of International Partnerships at Barq, stated, “Our collaboration with Thunes has moved from vision to reality. By going live with these services, we are empowering our customers with faster, more reliable remittances and strengthening Barq’s role as the digital wallet of choice in Saudi Arabia.”
Ahmad Yaacoub, VP MENA and Country Head for KSA at Thunes, added, “With this live launch, Thunes and Barq reaffirm their shared commitment to delivering efficient and customer-focused payment experiences, supporting Saudi Arabia’s vision for a digital-first financial ecosystem.”
About barq
Barq is a rapidly-growing digital wallet based in Saudi Arabia. It provides a wide range of innovative financial solutions to consumers, including international remittances, payment cards, and other digital financial services designed to be accessible and efficient.
About Thunes
Thunes operates a global network for real-time payments, allowing its members to move money in over 130 countries and more than 80 currencies. The Thunes network connects directly to over 7 billion mobile wallets and bank accounts, serving gig economy giants, super-apps, fintechs, and banks.
Source: Zawya
