barq for Digital Payments has won three awards from Visa during Money20/20 Middle East, held in Riyadh. Pioneers in digital payments, banking, and technology from around the world are participating in the event.

barq Digital Payments was recognized by Visa as the fastest growing fintech companies in Central and Eastern Europe, the Middle East, and Africa, in recognition of the company’s journey that succeeded in issuing more than 6.5 million cards, enabling over 500 million payment transactions, and serving users from more than 150 nationalities in a short period of time.

Visa also granted barq the award Visa recognize 7 million user for barq, celebrating the company’s rapid expansion in building a wide user base and its strong presence in local and international markets.

barq also won the Highest International Transaction Volumes award among fintech companies in Central and Eastern Europe, the Middle East, and Africa, in recognition of its success in leading the region in international transaction volumes, reflecting the trust of millions of customers in its solutions and its ability to build an efficient and secure cross-market payments ecosystem.

For its part, Visa confirmed that barq represents a leading model of innovation in the fintech sector, as it was able to build, in a short span of time, a solid user base and achieve exceptional performance in transaction volumes, thereby enhancing the Kingdom’s position as one of the most prominent emerging fintech markets globally.

This achievement represents an important milestone in barq’s journey towards regional and global expansion. It also reflects the company's commitment to continuing innovation and providing advanced payment services that keep pace with market requirements, contribute to supporting financial inclusion, and enhance the digital economy in the Kingdom and the region.