Enjaz Payment Services Startup, a Saudi Central Bank-licensed FinTech firm, joined hands with Thunes, a cross-border payments company. As a result of this collaboration, users in Saudi Arabia will be able to use the Thunes payment network to send money instantly across borders to bank accounts and digital wallets.
Enjaz has created a self-service and digital infrastructure that is expandable to go along with its extensive physical network. This solution responds to a changing market and offers a quick, easy, and affordable remittance experience. Customers can send money instantaneously to more than 200 countries because of its established agreements with correspondent banks and MTOs.
More than 150 Enjaz Centers, 200 self-service kiosks, and 200 Point of Sales are available for customers to use in more than 60 locations to complete their transactions. Through the Enjaz App, Enjaz offers its customers a fully digital experience that includes wallet creation and end-to-end digital onboarding. Enjaz also provides payment cards, utility bill payments, and support for all its channels in 8 different languages, in addition to a 24-hour contact center.
This collaboration comes after Thunes announced plans to broaden its capabilities by stepping up regional alliances with MTOs including banks in Saudi Arabia and e-wallet service providers.
Khalid Al Zain, CEO, Enjaz commented, “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.”
Simon Nelson, SVP for MENA, Thunes, stated, “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.”