Thunes partners with Saudi Arabia’s Enjaz Payment Services

By Leandra Monteiro

Enjaz Payment Services Company, a FinTech company licensed by the Saudi Central Bank announced a partnership with Thunes, a cross-border payments company. This agreement will help its customers in Saudi Arabia to make instant international transfers globally to bank accounts and digital wallets using Thunes payment network.

Enjaz has 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.

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 fully digital journey for its customers through Enjaz App with end-to-end digital onboarding and the creation of a wallet. In addition, Enjaz offers Payment Cards, utility bill payments and all of its channels are supported by 8 languages and a 24/7 Contact Center.

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

Expressing delight on the new partnership, 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.”

“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,” said Simon Nelson, SVP for MENA at Thunes.