Page 20 - HyperPay PR REPORT - FEBRUARY 2025

2/26/25, 2:05 PM Hyperpay Signs Mou With Barq To Elevate Quality Of Services And Enhance Customer Satisfaction
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.”

Abduelah bin Khathlan, Acquiring Director at barq, said:“It is an honour to sign this MoU with
HyperPay. It has the potential to leverage both companies' strengths and create diverse and
smart experiences for users of the barq digital wallet and electronic payment application. It
reflects our ambitious vision and commitment to foster innovation and renewal, further
ensuring customer satisfaction and trust in our financial services.”
This MoU reflects HyperPay's commitment to forge strong partnerships that enhance the
development of the company's financial services. These partnerships aim to provide reliable,
fast, and innovative financial solutions that meet customer and market expectations,
especially as the financial technology and digital payments sectors in the Kingdom continue
to evolve rapidly.

https://menafn.com/1109249298/Hyperpay-Signs-Mou-With-Barq-To-Elevate-Quality-Of-Services-And-Enhance-Customer-Satisfaction 2/2