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

As Saudi Arabia’s modern commerce ecosystem expands, specialized financial tools for companies have become vital for business growth and operational efficiency. In this context, Barq Digital Payments has signed a memorandum of understanding with Zid during the Money20/20 conference to leverage Barq’s corporate services.

The agreement establishes a framework for collaboration, enabling Zid to benefit from Barq’s business-focused services and solutions, supporting corporate financial management and promoting the adoption of flexible, user-friendly digital solutions.

Zid is an integrated e-commerce platform that provides merchants with tools to set up and manage their businesses, covering store management, payments, shipping, and operations. This makes corporate needs and financial services an essential part of its operating environment.

The memorandum allows both parties to explore how Barq’s corporate services can be tailored to business requirements, paving the way for a more customized financial experience aligned with digital operations and evolving business models.

The agreement was signed on behalf of Barq by Corporate Division Manager, Mogren Al-Shammari, and for Zid by Mazen Al-Darrab and Abosabit, CEO and Head of Fintech respectively.

The partnership comes amid rising demand for corporate-focused financial services, in line with the growth of digital commerce models and the increasing need for tools that help organizations manage their finances more efficiently.

Through this memorandum, Barq is strengthening its presence in the business sector and continues to build partnerships with rapidly growing Saudi digital companies, reinforcing its position as a provider of financial services that can meet the evolving needs of businesses at every stage of growth.