Enjaz Payment Services Company has forged a partnership with cross-border payment provider Thunes to enable Saudi Arabian customers to make instant global transfers to bank accounts and digital wallets.
Saudi Arabia-based Enjaz enables its customers to now make instant international transfers to bank accounts and digital wallets across 130 countries using the Thunes payment network. To announce the partnership, a signing ceremony took place at the Seamless Saudi Arabia 2022 conference held in Riyadh.
Thunes’ payment network enables transfers to 130 different countries across the globe, covering 79 different currencies. The network boasts over 180 million transactions processed in 2021. The company also highlights that 90 per cent of all transactions are completed in under 30 minutes. The partnership news brings greater freedom for Enjaz customers to transfer money worldwide.
The partnership comes shortly after Thunes’ announced expansion into Saudi Arabia. The payment network provider launched partnerships with money transfer organisations (MTOs) such as e-wallets service providers and banks. The company also explained that it expected more partnerships to launch soon after. Thunes’ partnership with Enjaz becomes the latest as it continues its expansion.
Simon Nelson, SVP for MENA at Thunes spoke on why the partnership is a good fit. He explained: “I am excited to kick off the partnership with Enjaz and support their innovative payment offering and product vision. By connecting Thunes’ robust and extensive global payment network with Enjaz’s digital capabilities, we are able to create a strong synergy that benefits the communities, connects people to their families, and provide a much–needed service to citizens and residents of Saudi Arabia.”
Partnership with Thunes a big step for Enjaz
Enjaz’s aim is to create a fast, convenient and cost-efficient remittance experience. Via partnerships with correspondents and MTOs; it ensures customers can transfer money to over 200 countries instantly. The company is licensed by the Saudi Central Bank.
Khalid Al Zain, CEO of Enjaz, said: “We are excited to see this collaboration go live, allowing customers to send money to any part of the world instantly and efficiently.
“In pursuit of our shared goal to provide a frictionless experience when moving money globally, we are committed to our customers in delivering the most innovative technology-led financial solutions.”
The payments services company operates over 150 Enjaz centres in over 60 cities in which customers can perform transactions. It also offers more than 200 self-service kiosks and 200 point of sales. As well as physical locations, it also enables customers to perform transactions through the Enjaz App. The app offers end-to-end digital onboarding and creation of wallets.
Enjaz also offers payment cards and utility bill payments, supported by a 24/7 contact centre and eight languages.