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2/26/25, 2:05 PM HyperPay signs MoU with barq to elevate quality of services and enhance customer satisfaction - Middle East Business News and I…
HyperPay signs MoU with barq to
elevate quality of services and enhance
customer satisfaction
February 25, 2025 11
HyperPay, a leading payment gateway provider in the MENA region, signed a Memorandum of
Understanding (MoU) with barq, an innovative start-up in Saudi Arabia’s financial services
sector. The strategic partnership aligns with HyperPay’s efforts to enhance the quality of
services for clients, further ensure their satisfaction, and meet their needs by offering
advanced financial services.
Muhannad Ebwini, Founder and CEO of HyperPay, and Abduelah bin Khathlan, Acquiring
Director at barq, signed the MoU during LEAP 2025, which was held recently at the Riyadh
Exhibition and Convention Center in Malham, north of Riyadh, for the fourth consecutive year.
Over 1800 prominent global and local companies from the financial and technology sectors
participated in the event.
Muhannad Ebwini, Founder and CEO of HyperPay, stated: “Our partnership with barq is a
testament to our strategic and shared vision of innovating and delivering exceptional financial
services across the Kingdom. This initiative allows us to provide innovative and up-to-date
financial services, further driving digital transformation and addressing evolving market
demands. It also plays a crucial role in achieving the objectives of Saudi Vision 2030, which
aims to promote sustainable development and strengthen the national economy and diversity.”
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