Page 22 - 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 | Web Release
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.

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