Nium has announced a partnership with Enjaz Banking Services, the remittance division of Bank Albilad in Saudi Arabia.
The Singapore-based global payments provider will work with the bank to offer free international money transfer services through the Enjaz app.
“We have a massive opportunity in the Middle East,” said Anupam Pahuja, executive vice president and general manager for Asia Pacific, Middle East and Africa at Nium. “Trillions of dollars flow through the region, and we expect even more volume as real-time payments adoption accelerates.”
Nium’s pairup with Enjaz follows other recent partnerships with institutions in the region such as UAE’s Mashreq Bank and foreign exchange houses Al Fardan Exchange, Alawneh Exchange, and Al Rostamani Exchange.
The company said its momentum in the region is being supported by recent appointment of 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.
“We are dedicated to helping customers in this global financial centre reach more of the world with a modern, secure, and efficient way to send and receive money,” Pahuja continued. “We look forward to partnering with more banks and businesses for growth.”
Latest News
Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.
Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.
Click here to read the 2023 State of the Phish report from Proofpoint.
Click here to read the 2023 State of the Phish report from Proofpoint.
Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.
Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories