In a blend, the interfacial interaction between the component phases can be effectively utilized to bring about homogeneous mixing and unique performances. While in conventional blends, preserving the morphology of the melt mixed state is unfeasible because of the strong thermodynamic tendency of the components to phase separate, herein, we report the intermolecular interaction of two hydrogen bonded polymers such as a barrier polymer poly(ethylene-co-vinyl alcohol) (EVOH) with an ionic polymer in their blends, which work symbiotically to achieve the desirable characteristics. We demonstrate the creation of a unique ellipsoid microfibrilliar morphology and melt exfoliation of one polymer in the blends through intermolecular interaction and achieve high oxygen barrier characteristics. Scanning thermal microscopy and scanning electron microscopy investigations confirm the presence of such unique morphology. The interfacial interaction and formation of interphase was evident from the local thermal analysis results combined with photoacoustic Fourier transform infrared spectroscopy (PA-FTIR). PA-FTIR confirms the chemical nature of the interaction, while the differential scanning calorimetry results indicate modification of the EVOH phase by the ionomer. The shift of Tg and broadening of the tan delta curve is evident from dynamic mechanical analysis confirming the interaction of the blend components. The blend B(60) with microfibrillar morphology shows fourfold drop in oxygen permeability indicating the role of interfacial interaction and desired morphology.