Cross-Border Payments: Fintech Enjaz Payment Services Partners with Thunes

Enjaz Payment Services Company, a Fintech company licensed by the Saudi Central Bank announced a partnership with Thunes, a global player focused on cross-border payments.

This agreement will help customers in Saudi Arabia “to make instant international transfers globally to bank accounts and digital wallets using Thunes payment network.” The signing ceremony “took place at the Seamless Conference held in Riyadh.”

Enjaz claims it is “a leader in remittance technology, having developed a scalable self-service and digital infrastructure to complement its wide-reaching physical network, which addresses an evolving market and creates a fast, convenient, and cost-efficient remittance experience.”

Through its established partnerships with correspondent banks and MTOs, “it allows customers to send money instantly to more than 200 countries.”

Enjaz claims that it “offers its customers the best customer experience through a variety of channels.” Customers can “perform their transactions through more than 150 Enjaz Centres operating in more than 60 cities, 200 self-service kiosks and 200 Point of Sales.”

Enjaz also offers “a full digital journey for its customers through Enjaz App with end-to-end digital onboarding and creation of Wallet.” In addition, Enjaz reportedly “offers Payment Card, utility bill payments and all of its channels supported by 8 languages and 24/7 Contact Center.”

This partnership “follows Thunes’ announcement to expand its capabilities, intensifying local partnerships with MTOs such as e-wallets service providers and banks in KSA.”

Khalid Al Zain, Enjaz CEO 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.”

Simon Nelson, SVP for MENA at Thunes, remarked:

“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.”

As noted in the update, Enjaz Payment Services Company claims it is “a leading Fintech company licensed by Saudi Central Bank to cater financial services via the most advanced Fintech methodology in the market.”

The customer-centric ethos “combined with a quality-driven systematic approach and constant innovation in products and processes, sets Enjaz apart from its peers.”

Moreover, Enjaz offers “a full suite of diversified and innovative financial solutions in the Area of Payments via our digital & physical channels.”

Founded in 2016, Thunes is “a B2B company that powers payments for some of the world’s fastest-growing businesses – from Gig Economy giants such as Uber and Deliveroo and Southeast Asia’s super-app Grab to global Fintech leaders such as PayPal and Remitly.”

Through a single, simple connection, consumers and businesses “can send payments to – and get paid in – every corner of the world.” Thunes currently “supports 79 currencies, enables payments to 130 countries, and helps to accept 300 payment methods.”

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