Paymentology powers Enjaz with next-gen card solutions

By Vriti Gothi

Paymentology has entered into a Memorandum of Understanding (MoU) with Enjaz to bring advanced next-generation digital payments in the Kingdom, broadening consumer choice, enhancing speed, and driving innovation across financial services.

Enjaz currently facilitates money transfers to over 200 countries through digital channels, physical branches, and a strong network of global partners. By integrating Paymentology’s highly configurable, cloud-first issuing and processing platform, Enjaz will expand its offerings to include next-generation card products, such as prepaid, debit, and virtual cards. These will seamlessly integrate with its existing services, delivering a more comprehensive and customewhich is already deployed on Oracle Cloud Infrastructure (OCI) and will soonr-centric payment experience.

The partnership unlocks a wide range of advanced functionalities, including international and domestic scheme enablement, tokenisation for Apple Pay, Google Pay, Samsung Pay, and Mada Pay, alongside multi-level controls to enhance security and enable real-time decisioning. With access to over 450 production-ready APIs, Enjaz will be able to innovate at pace, incorporating new features such as loyalty programmes and multi-currency wallets. Real-time data feeds and analytics will further strengthen fraud prevention while enabling personalised offers and deeper customer engagement.

These innovations are supported by local infrastructure, already deployed on Oracle Cloud Infrastructure (OCI) and soon to be expanded onto Google Cloud Platform (GCP) in Saudi Arabia. This ensures speed, resilience, and strict compliance with the Kingdom’s regulatory frameworks.

Bassam AlEidy, CEO at Enjaz, said, “At Enjaz, our focus has always been on giving our customers speed, convenience, and security, whether they are transferring money abroad or making everyday payments. By collaborating with Paymentology, we can now extend our card services that expand choice and enhance financial freedom. This partnership represents a major step in shaping the future of payments in Saudi Arabia, delivering innovation that is inclusive, dynamic, and tailored to the needs of our market.”

Jeff Parker, CEO of Paymentology, said, “Saudi Arabia is building one of the world’s most dynamic payments ecosystems under Vision 2030. Enjaz’s ambition adds to that momentum, and Paymentology’s role is to power innovators with secure, scalable issuing. Together with Enjaz, we’ll expand choice, accelerate time-to-market, and raise the bar for customer experience in the Kingdom.”