Saudi Arabia's Riyadh Air has signed a strategic agreement with Barq to develop an integrated technology system for digital payments and support the airline's commercial operations with secure, scalable payment solutions.
Under the agreement, Barq will support the development of payment capabilities across all stages of the payment cycle, including improving the passenger experience, regulatory compliance, fraud prevention and operational efficiency, according to a post on the Riyadh Air website.
The partnership includes cooperation between the two sides on implementation, integration and continuous development of the platform, with the aim of raising payment success rates and providing flexible and secure options for travelers across all channels.
Faisal Al Bisher, Head of Partnerships at Barq, said the agreement combines the company's payments expertise with Riyadh Air's plans to develop its digital services, supporting a smoother payment experience for travelers.
For his part, Adam Boukadida, Chief Financial Officer of Riyadh Air, said the partnership supports building an efficient and scalable payments infrastructure in step with the growth of the airline's operations, adding that the agreement is a step in developing a payments system that supports Riyadh Air's long-term plans.
The two companies said the cooperation is part of supporting Saudi Arabia's digital economy and contributing to the goals of Saudi Vision 2030 by developing financial services and the customer experience.
To view the post on the Riyadh Air website, click here.
