barq and Thunes Launch Real-Time Remittances in Saudi Arabia

barq and Thunes have announced the launch of real-time international remittance services in Saudi Arabia, enabling barq customers to send money abroad through Thunes’ Direct Global Network. The service delivers transactions instantly to billions of mobile wallets and bank accounts worldwide, strengthening Saudi Arabia’s position in the global remittance market. The rollout follows a collaboration between the two companies announced earlier in 2024 and is positioned as a step toward expanding growth, reach, and trusted services for customers in the Kingdom. By combining barq’s local presence with Thunes’ global infrastructure, the partnership aims to provide a best-in-class service for international transfers. Saudi Arabia is one of the largest remittance markets globally, with significant activity being reshaped by Vision 2030 digitisation goals. The introduction of real-time remittances is being framed as part of the broader effort to support a digital-first financial ecosystem in line with national objectives. Customers are expected to benefit from faster and more reliable cross-border payments, reinforcing barq’s role as a preferred digital wallet in the Kingdom. Both companies have highlighted the initiative as a commitment to delivering innovative and accessible financial services that align with Saudi Arabia’s evolving digital landscape.