back Back

Xare announces partnership with Barakat

By Leandra Monteiro

May 12, 2022

  • Barakat
  • Card Payments
  • Cross Border Payments

XareXare, a money-sharing app, and UAE’s homegrown ultra-fresh juice maker and a leading supplier of fresh produce, Barakat, have announced a partnership to offer a seamless payment option, value-added benefits, more savings, and an enhanced shopping experience to customers who do not have a credit or debit card.

Xare is a mobile application that allows a person to share money from a credit or debit card with a trusted recipient, anywhere in the world in real-time. The recipient can then use the money to shop for fresh grocery on the Barakat e-store. Xare’s robust, easy-to-use, and secure platform integrates seamlessly with Barakat, allowing customers to shop in-app and checkout stress-free, without having to share bank account or card details.

“At Barakat, we believe in nourishing our consumers through the best of fresh grocery, delivered to their doorstep with the convenience of online shopping. Often, he or she may not have access to a bank account or a payment instrument and that is where our partnership with Xare enables a seamless payment and checkout experience on the Barakat App. We hope this integration makes it easier for our consumers in the UAE to order healthy, fresh food from the comfort of their homes,” said Kenneth D’Costa, Managing Director, Barakat.

Padmini Gupta, CEO Co-Founder, Xare said, “We are very excited about our collaboration with UAE’s beloved brand, Barakat – and look forward to a fruitful relationship. Xare’s money-sharing platform has a wide array of online retailers from popular categories, such as fashion, home décor, and electronics. Grocery is another important category for online shoppers in UAE, and we’re certain that Barakat will be a significant value-addition to our offering.”

Commenting on the partnership, Milind Singh, CPO Co-Founder, Xare, said, “Barakat has built an enviable platform as a market leader in the fresh fruit and vegetable category, and we are proud to be partnering with them to enable people across the UAE to shop online without needing their own cards.”

Previous Article

May 12, 2022

Cachet raises €5.5m to expand its marketplace for platform economy insurance

Read More
Next Article

May 12, 2022

ACI Worldwide and NORBr partner to help e-commerce businesses

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024


Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

Hecto Financial eases cross-border transactions with new solution

Read More

March 01, 2024

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

March 01, 2024 activates Cartes Bancaires on Tap to Pay on iPhone in France

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023