Nium, a provider of real-time global payments, continues its expansion in the Middle East region, announcing a partnership with Enjaz Banking Services, the remittance division of Bank Albilad in Saudi Arabia.
Nium will work with the bank to offer free international money transfer services through the Enjaz app for smart devices. Soon, all Enjaz customers will be able to access competitive exchange rates and instant transfers via Nium’s global partner network.
This new customer win builds on Nium’s success in the region, which includes a roster of the most prestigious financial institutions, such as Mashreq Bank, one of the Middle East’s largest banks, and three of the most significant foreign exchange houses in the United Arab Emirates (UAE) – Al Fardan Exchange, Alawneh Exchange, and Al Rostamani Exchange.
This momentum is being supported by the appointment of 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.
“We have a massive opportunity in the Middle East,” said Anupam Pahuja, EVP 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. Innovation continues across the region, opening the door for businesses like Nium to capitalize.”
Pahuja continues, “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. We look forward to partnering with more banks and businesses for growth.”
Nium provides an alternative to traditional systems like SWIFT, offering businesses in the Middle East a faster and cost-effective means of handling cross-border transactions. Nium’s real-time payments capability provides a seamless and instantaneous experience, enhancing the speed and convenience of financial transactions for businesses and consumers alike.
Nium facilitates effortless cross-border payments, effectively connecting the Middle East with the rest of the world through its network spanning more than 190 countries. Nium’s user-friendly platform empowers businesses to tailor their payment solutions, ensuring they meet their specific needs and preferences with ease.
