Barq, the rapidly-growing digital wallet in Saudi Arabia, along with Thunes, the Smart Superhighway to move money around the world, has unveiled barq’s enhanced remittance services, providing millions of consumers across the Kingdom with faster, more secure, and cost-effective international money transfer solutions.
Through Thunes’ trusted Direct Global Network, barq customers can now send money seamlessly across borders, with transactions delivered in real time to billions of mobile wallets and bank accounts worldwide.
This milestone reinforces the digital platform’s position as a leading mobile wallet in Saudi Arabia, offering international remittances, cards, and a wide range of innovative financial solutions to end users.
The launch marks a significant milestone following the formation of the collaboration between the two companies, which was first announced in 2024. This strategic partnership has been focused on driving sustainable growth, expanding geographic and customer reach, and delivering a consistently trusted, reliable, and innovative service to Saudi customers.
The Saudi Arabian remittance market, recognized as one of the largest and most vital in the world, is currently undergoing dynamic and rapid transformation, spurred by the Kingdom’s ambitious Vision 2030 programme aimed at digitising payments, enhancing financial inclusion, and fostering a future-ready digital economy.
By bringing together Barq’s strong local leadership, deep market expertise, and customer-centric approach with Thunes’ extensive international network and world-class cross-border payment solutions, this alliance sets a new benchmark for the industry.
It provides a best-in-class service for consumers, offering seamless, faster, and more secure money transfers while reinforcing Saudi Arabia’s position as a regional hub for financial innovation and digital remittance services.
Thamer Alharbi Director – International Partnerships – barq
“Our collaboration with Thunes has moved from vision to reality. By going live with these services, we are empowering our customers with faster, more reliable remittances and strengthening barq’s role as the digital wallet of choice in Saudi Arabia. This is another important step in our journey to deliver innovative and accessible financial services, and Thunes’ trusted solutions are helping us to deliver on this mission.”
Ahmad Yaacoub, VP MENA and Country Head for Kingdom of Saudi Arabia at Thunes, stated that, “We are proud to see our partnership delivering impact at scale. With this live launch, Thunes and barq reaffirm their shared commitment to delivering efficient, and customer-focused payment experiences, supporting Saudi Arabia’s vision for a digital-first financial ecosystem.”
