Core Insights - barq, a digital wallet in Saudi Arabia, has partnered with Thunes to enhance its international remittance services, allowing users to send money globally in real-time [1][2] - The partnership aims to strengthen barq's market presence by providing comprehensive financial solutions, aligning with Saudi Arabia's Vision 2030 for a digital-first financial ecosystem [2][3] Company Developments - The collaboration was initially announced in 2024, focusing on expanding service reach and reliability for customers in the region [2] - Thunes' MENA vice-president highlighted the partnership's impact, emphasizing a commitment to efficient, customer-focused payment experiences [2][3] - barq's International Partnerships director stated that the collaboration has transitioned from vision to reality, empowering customers with faster and more reliable remittances [3][4] Industry Context - Saudi Arabia's remittance sector is one of the largest globally and is rapidly evolving due to the Vision 2030 program, which promotes advancements in digital payment systems [2][3]