HyperPay Signs MoU with Barq to Elevate Service Quality and Enhance Customer Satisfaction
HyperPay, a leading payment gateway provider in the MENA region, has signed a Memorandum of Understanding (MoU) with barq, an innovative startup in Saudi Arabia’s financial services sector. The agreement aims to elevate the quality of financial services, enhance customer satisfaction, and meet the evolving needs of clients through advanced digital payment solutions.
The MoU was signed by Muhannad Ebwini, Founder and CEO of HyperPay, and Abduelah bin Khathlan, Acquiring Director at barq, during LEAP 2025, held at the Riyadh Exhibition and Convention Center in Malham. The annual technology event, now in its fourth year, brought together over 1,800 prominent global and regional companies from the financial and technology sectors.
Muhannad Ebwini, CEO of HyperPay, emphasized the importance of the partnership in driving digital transformation and innovation in financial services. “Our collaboration with barq is a testament to our shared commitment to delivering cutting-edge financial services across Saudi Arabia. This initiative supports our goal of addressing market demands while aligning with the objectives of Saudi Vision 2030, which focuses on sustainable development and economic diversification,” he stated.
Abduelah bin Khathlan, Acquiring Director at barq, highlighted the MoU’s role in enhancing digital payment experiences. “Signing this MoU with HyperPay allows us to leverage our combined expertise to create innovative, seamless financial solutions for users of the barq digital wallet and electronic payment application. Our vision is to drive innovation while ensuring customer trust and satisfaction in our financial services,” he noted.
The partnership underscores HyperPay’s dedication to forging strategic alliances that enhance financial service offerings. By focusing on reliable, fast, and innovative digital payment solutions, both companies aim to meet the evolving expectations of customers and contribute to the rapid growth of the Kingdom’s fintech sector.
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