Geidea, a Saudi Arabia based FinTech company, aims to make commerce and payment technology accessible, affordable, and intuitive for everyone. It empowers merchants of all sizes and types with the tools to begin, manage, and expand their businesses. Geidea is making best-in-class technologies that can enable SMEs to get ahead and reach for more.
Geidea has collaborated with BARQ, a delivery-as-a-service (DaaS) start-up based in Saudi Arabia, to facilitate point of delivery, and digital payments for consumers of BARQ through the Geidea-powered BARQ App.
Abdullah Mansour Alshowaier, Chief Business Officer, Geidea, stated, “With BARQ’s large network and our fintech experience, we can synergize our capabilities and further boost growth in digital payments across the country. Our partnership with BARQ is aligned with our vision to make payments and commerce technology more accessible, safe, and seamless for all. Crucially, it is a partnership that will contribute to the enrichment of the Saudi SME ecosystem and widen access to the digital economy for businesses and entrepreneurs right across the Kingdom.”
The partnership prepares BARQ for bullet delivery with various tailored payment solutions empowered by Geidea, allowing BARQ to receive payments from consumers upon delivery through the BARQ mobile application.
BARQ Systems is a regional IT services provider that serves business and government clients across the Middle East, Africa (EMEA), and Europe. It implements and maintains proven and scalable data and telecommunication infrastructure solutions through working with various organizations across the EMEA region.
Mohammad AlMarwani, Chief Business Development Officer, BARQ, commented, “We are excited to sign this strategic partnership with Geidea, which will enable us to better handle payments for our merchants and provide a convenient, secure, and user-friendly experience for our customers. This will up the bar for the industry standard to ease the cash collection process and minimize the usage of cash in alignment with the government strategy.”