Riyadh - Sharikat Mubasher: Barq, one of the leading fintech companies in Saudi Arabia, signed a memorandum of understanding (MoU) with Alipay+, a global leader in cross-border mobile payments solutions, to explore global payment solutions and establish a formal commitment to future collaboration in the Kingdom.

This partnership, unveiled at LEAP 2025, aims to support the development of digital payments in line with Vision 2030, a recent statement revealed.

The MoU paves the way for Barq to partner with Alipay+ to facilitate travel and shopping experiences of its customers as well as to promote tourism in the Kingdom.

Commenting on the partnership, Faisal Al-khamissi, Chairman of Barq, said: “We are honored to be part of Alipay+'s worldwide expansion, and we hope this significant step will soon provide Barq customers with more solutions and benefits that make their experience faster, easier, more flexible, and secure, aligning with our goal of achieving their satisfaction and meeting their expectations."

For his part, Leiming Chen, Senior Vice President and Chief Sustainability Officer of Ant International, stated that the partnership with Barq targets fostering innovation and inclusion in Saudi Arabia through cross-border payments and mobile services for inbound and outbound travelers.

Alipay+, Ant International's unified gateway service, partners with over 35 digital wallets and banking applications globally, enabling 1.6 billion user accounts to pay as a local at more than 90 million merchants across 66 markets, as well as providing business owners with a suite of marketing and embedded services.