The partnership is part of Nium’s expansion strategy in the Middle East, and Africa
Nium, a leading cross-border payments company based in Singapore, has announced a new partnership with Enjaz Banking Services, the remittance division of Bank Albilad in Saudi Arabia. The partnership will enable Enjaz customers to send and receive money internationally for free through the Enjaz app for smart devices. Customers will also benefit from competitive exchange rates and instant transfers via Nium’s global partner network.
The partnership is part of Nium’s expansion strategy in the Middle East region, where it already works with some of the most prestigious financial institutions, such as Mashreq Bank, one of the largest banks in the region, and three of the most significant foreign exchange houses in the United Arab Emirates (UAE) – Al Fardan Exchange, Alawneh Exchange, and Al Rostamani Exchange.
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Nium has also appointed three regional Vice Presidents, Nawal Kebouri Ammor, Ashraf Omran, and Saikat Roy, who collectively bring more than 50 years of in-depth payments and banking knowledge to Nium prospects and clients in the region. Their expertise will play a crucial role in further scaling Nium’s operations in anticipation of hypergrowth.
Anupam Pahuja, EVP and General Manager for Asia Pacific, Middle East, and Africa at Nium, said:
“We have a massive opportunity in the Middle East. Trillions of dollars flow through the region, and we expect even more volume as real-time payment adoption accelerates. Innovation continues across the region, opening the door for businesses like Nium to capitalize. We are dedicated to helping customers in this global financial center reach more of the world with a modern, secure, and efficient way to send and receive money. We look forward to partnering with more banks and businesses for growth.”
Enjaz Banking Services is one of the leading remittance service providers in Saudi Arabia. It more than 200 branches and 1,500 self-service machines across the country. It offers a range of services, including cash transfers, bank transfers, mobile wallet transfers, bill payments, and currency exchange.
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Abdulaziz Alonaizan, CEO of Enjaz Banking Services, said:
“We are delighted to partner with Nium, a global leader in cross-border payments, to offer our customers a convenient, fast, and free way to send and receive money internationally. This partnership aligns with our vision of providing innovative and customer-centric solutions that enhance the remittance experience and add value to our customers. We believe that Nium’s technology, network, and services will enable us to offer a superior service to our customers and help us achieve our growth objectives in the region and beyond.”
In conclusion, Nium is a global platform that enables businesses and consumers to send, spend, and receive money across borders. It offers access to over 100 countries, 65 currencies, and various payment modes, including bank transfers, card payments, mobile wallets, and more. Nium is regulated in several jurisdictions, including Singapore, Australia, Canada, Hong Kong, India, Indonesia, Japan, Malaysia, and the UK. It is also a Visa and Mastercard principal member and a SWIFT member.
