Barq and Zid partner to enhance business needs with digital financial services

Barq and Zid have entered into a memorandum of understanding at the Money20/20 conference to provide customized digital financial services for Saudi businesses. This collaboration aims to support the growth and efficiency of corporate financial management by leveraging Barq's specialized corporate services. In today's expanding commerce ecosystem, tailored financial tools have become crucial for business success and operational efficiency.

As a leading e-commerce platform, Zid offers merchants a suite of tools for store management, payments, shipping, and operations, making corporate financial needs an integral part of its operations. This partnership allows both companies to explore how Barq's corporate services can be customized to meet specific business requirements, paving the way for a more personalized financial experience that aligns with digital operations and evolving business models.

The memorandum was signed by Mogren Al-Shammari, Barq's Corporate Division Manager, and Mazen Al-Darrab and Abosabit, Zid's CEO and Head of Fintech, respectively. This strategic move comes as there is a growing demand for corporate-focused financial services, aligning with the rise of digital commerce models and the increasing need for efficient financial management tools.

Through this collaboration, Barq is reinforcing its position as a provider of financial services that cater to the changing needs of businesses throughout their growth journey.