Travel, Tourism & Hospitality

barq, Riyadh Air sign strategic payment tech partnership

Riyadh
barq, Riyadh Air sign strategic payment tech partnership

Saudi fintech firm barq and Riyadh Air have signed a strategic agreement to develop an integrated payment technology solution for the airline.

The partnership will support secure, scalable payment capabilities across the full transaction lifecycle, enhancing passenger experience and operational efficiency.

Under the agreement, barq will serve as Riyadh Air’s strategic payment technology partner, supporting implementation, integration and ongoing platform development.

The companies aim to improve transaction success rates while offering passengers flexible and secure payment options across all channels.

The collaboration also supports Saudi Arabia’s digital economy and Vision 2030 by promoting innovation and customer-focused financial services.

Faisal Al-Bisher, Chief Partnerships Officer, Partnerships at barq, said:" Our partnership with Riyadh Air underscores barq’s commitment to driving digital innovation through strong strategic alliances. By combining our payment expertise with Riyadh Air’s vision, we are creating frictionless financial journeys for global passengers while advancing the Kingdom’s Vision 2030 digital economy goals."
Adam Boukadida, Chief Financial Officer of Riyadh Air, said: "Our partnership with barq strengthens the financial and operational foundation for our payment ambitions. This strategic collaboration will help us build an efficient, innovative payment infrastructure designed to scale with our growth, while maintaining the discipline and resilience our commercial operations require. It marks an important step in delivering a payment ecosystem that supports Riyadh Air’s long-term." -TradeArabia News Service