Barq reaches 1 mn users in three weeks

user icon
NOHA.GAD
calender icon
Aug 20, 2024
article image

Riyadh - Sharikat Mubasher: The Saudi fintech company Barq celebrated a significant milestone of reaching one million customers since launching its application three weeks ago, leading other digital payment applications in Saudi Arabia.

As a leading digital wallet for consumers and businesses in the Kingdom, the Barq application issued more than 600,000 cards and served customers of over 85 nationalities since its launch on 29 July, according to the company’s announcement.

In January, Barq obtained a license from the Saudi Central Bank (SAMA) to provide financial products and services in the Kingdom. It aims to revolutionize the Saudi fintech sector within the coming years through its unique services and secure payment methods that fulfill users' exact needs.


Share

Related News

Drahim receives SAMA license to provide open banking services
News
Calendar Icon
May 11, 2026
Drahim receives SAMA license to provide open banking services
Read More
SAMA greenlights Madark to provide BNPL solutions
News
Calendar Icon
May 10, 2026
SAMA greenlights Madark to provide BNPL solutions
Read More
Saudi Platform RiFD signs strategic deal with Kingsbury & Partners
News
Calendar Icon
May 6, 2026
Saudi Platform RiFD signs strategic deal with Kingsbury & Partners
Read More
SAMA licenses Lite Advanced Financial to boost Saudi payments sector
News
Calendar Icon
May 5, 2026
SAMA licenses Lite Advanced Financial to boost Saudi payments sector
Read More
PoS sales in Kingdom surpass SAR 189 bn in Q1-26
News
Calendar Icon
May 4, 2026
PoS sales in Kingdom surpass SAR 189 bn in Q1-26
Read More
Shams partners with Ziina to boost digital payments for businesses
News
Calendar Icon
April 30, 2026
Shams partners with Ziina to boost digital payments for businesses
Read More
SAMA licenses Tak Mal to expand Saudi microfinance landscape
News
Calendar Icon
April 29, 2026
SAMA licenses Tak Mal to expand Saudi microfinance landscape
Read More
Fintech firms in Saudi Arabia reach 301 in 2025
News
Calendar Icon
April 28, 2026
Fintech firms in Saudi Arabia reach 301 in 2025
Read More
E-payments in Saudi Arabia account for 85% of retail payments in 2025
News
Calendar Icon
April 14, 2026
E-payments in Saudi Arabia account for 85% of retail payments in 2025
Read More
PoS sales in Saudi Arabia exceed SAR 59.8 bn in February
News
Calendar Icon
April 1, 2026
PoS sales in Saudi Arabia exceed SAR 59.8 bn in February
Read More