Nium, a provider of global real-time payments, continues its expansion in the Middle East region by announcing a partnership with Enjaz Banking Services, the remittance division of Bank Albilad in Saudi Arabia.
Nium will partner with the bank to offer free international money transfer services through the Enjaz app for smart devices. Soon, all Enjaz customers will have access to competitive exchange rates and direct transfers through Nium’s global network of partners.
This new customer win builds on Nium’s success in the region, which includes a list of the most prestigious financial institutions, such as Mashreq Bank, one of the largest banks in the Middle East, and three of the most important foreign exchange houses in the United Arab Emirates (UAE) – Al Fardan Stock Exchange, Alawneh Stock Exchange and Al Rostamani Stock Exchange.
This momentum is 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’s prospects and customers in the region. Their expertise will play a critical role in further scaling Nium’s operations in anticipation of overgrowth.
“We have a huge opportunity in the Middle East,” said Anupam Pahuja, EVP and General Manager for Asia Pacific, Middle East and Africa at Nium. “Trillion dollars are flowing into the region and we expect even more volume as the adoption of real-time payments 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 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 to grow.”
Nium provides an alternative to traditional systems such as SWIFT, offering businesses in the Middle East a faster and more cost-effective means of handling cross-border transactions. Nium’s real-time payments feature provides a seamless and instant experience, enhancing the speed and convenience of financial transactions for both businesses and consumers.
Nium facilitates effortless cross-border payments, effectively connecting the Middle East to the rest of the world through its network spanning over 190 countries. Nium’s user-friendly platform enables businesses to customize their payment solutions, ensuring they easily meet their specific needs and preferences.