Alhaizan: Barq digital wallet serves four million customers

NOHA.GAD

Feb 10, 2025

Barq digital wallet has served four million customers since its launch six months ago

Riyadh - Exclusive Sharikat Mubasher: The Saudi fintech company Barq has served four million customers through its digital wallet since its launch six months ago, according to Digital Marketing Manager Abdullah Alhaizan.

Speaking to Sharikat Mubasher on the sidelines of LEAP 2025, Alhaizan stated that Barq's digital wallet gained one million users in the past 21 days, making it one of the fastest-growing fintech companies in the Kingdom.

He emphasized that the wallet offers all digital financial services that customers need, including local and international remittance, transfers, cards, a marketplace, and a games center.

Alhaizan explained that Barq’s wallet is completely free of charge for all transactions, which sets it apart from other fintech companies. He also highlighted the company's deep understanding of the market and customers' needs as a key factor in its success.

The official further noted that the wallet leverages advanced technologies to enhance and streamline the customer experience.

In August, Barq launched its new digital wallet, with a monthly limit of SAR 100,000, to cater to the needs of the Saudi market to adopt the concept of digital wallets.

LEAP 2025 convenes from 9 to 12 February in Riyadh, with the participation of over 1,800 exhibitors, more than 1,000 speakers, and over 680 startups. It brings together global leaders from the public and private sectors, top innovators, and key stakeholders in tech investment.

Under the theme ‘Into New Worlds,’ this four-day event aims to showcase the latest innovations and facilitate knowledge exchange, expanding business networking and investment opportunities in the tech sector.

Attract clients with your ad

Start Now

Riyadh – Exclusive Sharikat Mubasher: Dhari Al Mutawa, Founder and CEO of delivery services platform iCARRY, said the company’s valuation is set to surpass $100 million following its entry into the Saudi market.Speaking to Sharikat Mubasher on the sidelines of Seamless Saudi Arabia 2025 in Riyadh, Al Mutawa described the Kingdom as one of the region’s largest and most attractive markets for retail and e-commerce.He noted that iCARRY is the only company in the region with four main offices across Saudi Arabia, the UAE, Kuwait, and Lebanon, giving it broad regional reach and the ability to support logistics networks across multiple markets.Al Mutawa said the platform currently partners with more than 60 shipping companies, including major regional players. Around 10 of these operate in Saudi Arabia, with expectations for that number to grow in the coming two months.He added that iCARRY has a strong technical team focused on analyzing market needs and building solutions that help small businesses scale through the platform.Al Mutawa highlighted the creativity and fresh ideas of Saudi youth in the e-commerce sector, noting that similar talent exists across the Gulf, positioning the industry as one of the region’s most promising over the coming years.Seamless Saudi Arabia 2025, the Kingdom’s most comprehensive event for digital commerce, next-generation payments, and embedded finance, runs from 17 to 19 November in Riyadh, gathering merchants, SMEs, retailers, banks, and payment providers to discover the latest innovations in the digital commerce and payments ecosystem.With the theme ‘The Future of Digital Commerce,’ this three-day conference hosts over 600 speakers, more than 600 exhibitors, and over 25,000 attendees from around the globe.

SMSA unveils ‘Micro Fulfillment’ service across 150+ hubs in Saudi Arabia

Riyadh – Exclusive Sharikat Mubasher: Mohannad Khayyat, Managing Director of SMSA Express, unveiled a new feature launched by the company, the ‘Micro Fulfillment’ service, which enables SMSA’s clients to store their goods within over 150 hubs distributed across the Saudi Kingdom.The new feature, Khayyat explains, enables businesses to deliver shipments to their clients in a couple of hours or within one day of ordering at maximum, with an option to collect orders directly from SMSA’s pickup points.Speaking to Sharikat Mubasher on the sidelines of Seamless Saudi Arabia 2025, Khayyat added that SMSA Express is a Saudi-made company that was founded in 1994, positioning itself as a market leader in the courier industry in the Kingdom. SMSA Express began its expansion plans 10 years ago and now operates in 15 countries worldwide.Khayyat noted that this is not SMSA’s first time to partake in the Seamless Conference, adding that the company already signed 3 agreements during its participation.Seamless Saudi Arabia 2025, the Kingdom’s most comprehensive event for digital commerce, next-generation payments, and embedded finance, runs from 17 to 19 November in Riyadh, gathering merchants, SMEs, retailers, banks, and payment providers to discover the latest innovations in the digital commerce and payments ecosystem.With the theme ‘The Future of Digital Commerce,’ this three-day conference hosts over 600 speakers, more than 600 exhibitors, and over 25,000 attendees from around the globe.

Ibrahim: HyperPay processes over $2.5bn in monthly transactions

MUBASHER.SA

Al-Jadwa, GEN-22 On Sloane to advance digital tools in Kingdom, South Africa

MUBASHER

Alhaizan: Barq digital wallet serves four million customers

Tags

Related News

Sharikat Mubasher Newsletter