Barq has emerged as the fastest growing digital wallet in the region. The platform reached one million users in just 21 days after launch. No other wallet in the market has matched this pace. The growth signals a major shift in how consumers in Saudi Arabia adopt digital payments.Record Breaking User GrowthRiding Saudi Arabia’s Digital Payments BoomA Regulated and Trusted PlatformSupporting SMEs and Financial InclusionPowering Vision 2030 and Cross Border Growth This milestone also reflects the rapid expansion of the Kingdom’s cashless economy. Record Breaking User Growth Barq maintained strong momentum after its early success. The platform crossed seven million users in less than one year. It then exceeded 10 million users within 17 months. Key growth milestones include: 1 million users in 21 days 7 million users in under 12 months 10 million users in 17 months Today, Barq serves nearly one third of Saudi Arabia’s population. The app continues to expand beyond national borders. It leads the region in user acquisition speed. Riding Saudi Arabia’s Digital Payments Boom Barq’s rise aligns with a massive surge in Saudi Arabia’s digital payments sector. The total value of e payments grew more than twenty times in four years. It climbed from about $2.4 billion in 2020 to nearly $84 billion by the end of 2024. This growth reflects: Strong consumer demand for cashless payments Rapid mobile adoption across demographics Supportive national digital policies Barq stands as one of the main beneficiaries of this transformation. A Regulated and Trusted Platform Barq operates under a license from the Saudi Central Bank. This regulatory backing plays a key role in building trust. Users feel confident using a compliant and secure platform. The app relies on a mobile first infrastructure. It focuses on speed, simplicity, and reliability. Barq serves two core segments: Individual consumers seeking easy payments Small and medium businesses needing efficient tools This dual focus strengthens its position in the market. Supporting SMEs and Financial Inclusion Small and medium enterprises form the backbone of the regional economy. Barq helps these businesses accept digital payments with ease. The platform reduces friction and improves cash flow. Barq also supports financial inclusion by offering simple access to digital finance. Users can send, receive, and manage funds with minimal barriers. Powering Vision 2030 and Cross Border Growth Saudi Arabia continues to advance its Vision 2030 goals. Digital finance plays a central role in this plan. Barq contributes by modernizing payments and expanding access. The platform also strengthens cross border payment capabilities. This supports trade, mobility, and regional integration. Barq now stands as a symbol of Saudi Arabia’s shift toward a technology driven financial system with global reach.