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MoneyGram Strengthens Middle East Presence with barraq Partnership
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MoneyGram Strengthens Middle East Presence with barraq Partnership

MoneyGram International, Inc., a prominent global financial technology company facilitating connections between communities worldwide, has unveiled a strategic collaboration with barraq, an innovative financial technology app. Through this partnership, consumers in Saudi Arabia can utilize the barraq mobile app for sending funds to family and friends globally, leveraging MoneyGram’s advanced cross-border technology platform. “We’re thrilled...

Saudi Central Bank Grants Licenses to “Network International Arabia” and “Barraq” for Payment Services
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Saudi Central Bank Grants Licenses to “Network International Arabia” and “Barraq” for Payment Services

The Saudi Central Bank (SAMA) licensed “Network International Arabia” to provide payment services through points-of-sale (POS), and “Barraq” to offer e-wallet services. With the addition of these two companies, there are now 27 licensed companies offering payment services in Saudi Arabia. This decision reflects SAMA’s endeavor to support the payments sector, increase efficiency of financial...