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barq Partners with iPiD to Set a New Standard for Secure Payments in MENA
barq, a leading digital payments provider in Saudi Arabia, has announced its partnership with iPiD, the global leader in Know Your Payee (KYP) solutions, to integrate iPiD Validate, the payee verification solution that prevents fraud and ensures payments reach their intended recipients.
The collaboration marks a significant step in powering secure digital payments across the Kingdom, reinforcing Saudi Arabia’s ambition to be at the forefront of financial innovation and trusted cross-border commerce.
With iPiD Validate, barq can confirm payee names and account details in real time, reducing fraud, minimizing failed transactions, and boosting customer confidence. This aligns with Saudi Arabia’s broader financial sector strategy to enable safe, seamless, and globally connected digital payments.
“Saudi Arabia is moving at pace to build one of the world’s most advanced digital economies, where trust and security are fundamental. Our integration with iPiD Validate delivers that promise by protecting customers and powering the Kingdom’s digital payments ecosystem,” said Thamer Alharbi, International Partnership Director at barq. “This collaboration reflects barq’s commitment to innovation and reliability, reinforcing confidence in digital payments and positioning Saudi Arabia as a global hub for secure and seamless financial technology.”
iPiD Validate is a single global API that verifies payee names and account details before payments are made. It gives financial institutions, PSPs, and enterprises an essential shield against fraud and misdirected payments, while streamlining compliance and improving the customer experience. With the largest global verification coverage, iPiD enables partners like barq to provide confidence in every transaction, domestic and cross-border alike.
“barq’s leadership in the Kingdom’s payments landscape makes them a powerful partner for iPiD,” said Damien Dugauquier, CEO of iPiD at iPiD. “Together, we are delivering the trust, speed, and security needed to help Saudi Arabia achieve its digital ambitions.”
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