Saudi Arabia joins the "Alipay" payment network

‘Bariq’ and ‘Ali Bay Palas’ have signed a new memorandum of understanding in a move that paves the way for the Saudi business to facilitate travel and shopping experiences for its clients, which in turn contributes to the improvement of tourism in the kingdom, according to a statement. After obtaining the necessary organizational approvals, a memorandum of understanding was signed between the two companies on the sidelines of the “Leip 25” conference, which will host the Kingdom for the fourth year in a row in the Riyadh Center for Exhibitions and Conferences. According to the memo, “Barq” will become part of the “Ali Pay Palas” network, and this step comes to improve the strategic partnership between the two companies, and within the framework of the ongoing expansion of “Ali Bay Palas”, which includes the service of the United Portonic Payments, which includes more than 35 digital portfolio and a bank application. It is noteworthy that “Ali Bay Palas” is a global payment service via cell phones of “Ant International”, the mother business “Ali Bay Palas”, which designed this service with the aim of expanding its existence outside China, through which borderline payments, where “Ali Bay Palas” is combined with different payment methods of different countries; To enable users to buy products and services using their local payment systems, while traders benefit from an integrated global payment platform. Faisal Al -khamisi, chairman of the Barq board of directors, took note of the importance of “the memorandum of understanding with our partners (Ali Bay Plass), the leading international network, and that we are part of its expansion around the world, in the hope that this important step will contribute to the award of” Barq “clients, which reaches our goal, can achieve, which will achieve our goal of being faster, easier, to be more flexible, which reaches our goal, which will achieve our goal of being faster, easier, to be more flexible, which will achieve our goal aspirations. Travelers. sector, and in light of the accelerated growth seen by the financial technological sector and digital payments in the kingdom, according to the statement.