{"id":4251,"date":"2025-03-10T10:53:20","date_gmt":"2025-03-10T05:53:20","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=4251"},"modified":"2025-03-10T12:20:57","modified_gmt":"2025-03-10T07:20:57","slug":"digitt-a-leading-electronic-money-institution-has-partnered-with-barq-pk-to-power-digital-payments-on-barqs-platform-in-pakistan","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=4251","title":{"rendered":"Digitt+, a leading Electronic Money Institution, has partnered with Barq Pk to power digital payments on Barq\u2019s platform in Pakistan"},"content":{"rendered":"

Digitt+<\/a>, a leading Electronic Money Institute, has partnered with Barq Pk to embed financial payments into their app via open APIs. Under this collaboration, Barq Fintech Pvt Limited (formerly MYTM Pvt Ltd Pakistan)<\/a> will leverage Digitt+\u2019s open API-driven infrastructure to offer seamless financial transactions to Barq\u2019s users in Pakistan.<\/p>\n

The agreement was signed in Riyadh, Saudi Arabia, at the Leap Conference by Ahmed Saleemi, CEO of Digitt+ and Mansoor Chaudhry, CEO of Barq PK alongside with Mr. Ahmed Alenazi (Group of Barq Holding). The signing ceremony was attended by key senior team members from both organizations, including Hamza Rizwan (Head of Business & Strategy, Digitt+), Hassan Farooq (Head of Risk & Compliance, Digitt+), Hassan Wasti (Head of Cards, Digitt+), Assadullah Bashir (Head of Merchants & Corporate Solutions, Digitt+), and Barq executives such as Muhammad Alsabea (Vice Chairman, Barq PK), Zain Farooq (MD, Barq PK), Jawad Mahmood (CIBO, Barq PK), Kanwal Cheema (Board Member, Barq PK), Usman Khan (Head of Products, Barq PK) and Moaz Mirza.<\/p>\n

Through Digitt+\u2019s Wallet-as-a-Service model, Barq PK\u2019s customers will gain access to a fully integrated mobile wallet and real-time payment ecosystem, including instant fund transfers, digital payments, mobile top-ups, and card issuance. This partnership aims to simplify financial transactions and promote financial inclusion by integrating payment services<\/a> directly within the Barq PK platform.<\/p>\n

Beyond domestic payments, the collaboration will enable remittances for overseas Pakistanis in Saudi Arabia, providing an efficient and seamless way for families to receive funds in Pakistan.<\/p>\n

Digitt+\u2019s Third Successful WaaS Deployment<\/strong><\/h2>\n

This marks Digitt+\u2019s third successful deployment of its Wallet-as-a-Service (WaaS) solution, reinforcing its track record of powering fintech innovation in Pakistan. Unlike full Banking-as-a-Service (BaaS), which includes lending and deposit features, WaaS focuses solely on digital payments and wallets, enabling businesses to launch financial products without the complexities of banking infrastructure. Digitt+\u2019s previous WaaS deployments have delivered strong results, helping businesses scale rapidly in the digital payments<\/a> space.<\/p>\n

Bringing Barq to Pakistan aligns with our vision to simplify digital financial inclusion for everyone, everywhere, said Ahmed Alenazi<\/strong>, CEO of Barq Group. “Our success in KSA has equipped us with the insights and tools to provide unmatched service to the Pakistani market. We are excited to offer a platform that not only meets our customers’ financial needs but also contributes to the country’s economic growth<\/em>.\u201d<\/p>\n

Ahmed Saleemi<\/strong>, CEO of Digitt+, highlighted the significance of this partnership, stating:
\n“This collaboration represents another milestone for Digitt+<\/a> as we expand embedded payments in Pakistan. Our Wallet-as-a-Service model and Open API framework allow businesses like Barq PK to integrate secure, banking-grade payment solutions without the complexities of infrastructure development. We are committed to making financial services simpler, more accessible, and deeply embedded into users\u2019 everyday experiences.”<\/em><\/p>\n

Mansoor Chaudhry<\/strong>, CEO of Barq Pakistan, emphasized Barq\u2019s commitment to innovation and financial accessibility: \u201cBarq\u2019s success in Saudi Arabia has been built on delivering innovative financial solutions, and we are excited to replicate that success in Pakistan. With Digitt+\u2019s technology, we can provide seamless financial services, improving convenience and inclusion for our users.\u201d<\/p>\n

Digitt+ continues to lead Pakistan\u2019s embedded payments revolution, with 100+ Open APIs powering fintechs, startups, and enterprises across the country. By providing businesses with scalable, ready-to-launch financial solutions, Digitt+ is actively shaping the future of digital payments and financial inclusion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Digitt+, a leading Electronic Money Institute, has partnered with Barq Pk to embed financial payments into their app via open APIs. Under this collaboration, Barq Fintech Pvt Limited (formerly MYTM Pvt Ltd Pakistan) will leverage Digitt+’s open API-driven infrastructure to offer seamless financial transactions to Barq’s users in Pakistan. The agreement was signed in Riyadh, […]<\/p>\n","protected":false},"author":1,"featured_media":4252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t