This remarkable achievement positions barq as the fastest-growing private wallet globally, outside of China, according to Finextra.
For context, it took Revolut a year to reach 100,000 users, while NuBank and CashApp each gained 10,000 users in their first month. Prior to barq’s market entry, the fastestgrowing digital wallet in Saudi Arabia took over six months to achieve the same milestone.
Although PIX in Brazil and UPI in India achieved similar milestones within their first month, both platforms were government-mandated, whereas barq’s growth is purely marketdriven. This distinction not only makes barq the wallet to watch in the GCC and MENA regions but also places Saudi Arabia at the forefront of global digital payments and banking innovation.
Brett King, board member of barq and American Banker Innovator of the Year said of the launch: “For the next generation, smart economies, super wallet platforms integrated with AI are a baseline requirement – Saudi is now a world leader in this respect with barq.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
