Barq and Riyadh Air sign strategic partnership to advance digital payments

Barq and Riyadh Air have entered into a strategic partnership to develop integrated digital payment solutions, aiming to bolster the airline's commercial operations. This deal, announced today, marks a long-term collaboration where Barq will assist Riyadh Air in creating a seamless digital payment system. The partnership is designed to enhance the guest experience, ensure regulatory compliance, and improve operational efficiency through secure and scalable payment options.

Under the agreement, Barq will take the lead in developing payment capabilities across all stages of the payment process. This includes improving transaction success rates, offering flexible payment solutions, and ensuring the security of all transactions. Riyadh Air, Saudi Arabia's new national carrier, is committed to leveraging Barq's expertise in payments technology to drive digital innovation and support the airline's vision for the future.

Faisal Al-Bashar, Head of Partnerships at Barq, emphasized the importance of this partnership in driving digital innovation. He stated that the collaboration aims to create a seamless financial journey for travelers worldwide, aligning with Saudi Vision 2030's digital economy goals. Adam Boukadida, Chief Financial Officer at Riyadh Air, highlighted the significance of the partnership in building a robust payment infrastructure.

He noted that this collaboration will ensure the airline's financial and operational foundations are efficient, innovative, and scalable, all while maintaining the necessary flexibility in business operations.

This strategic alliance underscores both companies' commitment to supporting Saudi Arabia's digital economy and advancing customer-centric financial services.