Riyadh - Sharikat Mubasher: The Saudi leading financial company, Enjaz Payment Services Company, signed an agreement with Esewa Money Transfer (EMT), the Nepali digital-first remittance company affiliated to F1Soft Group, a press release revealed.

According to the deal, Nepalese residents in Saudi Arabia will be able to transfer money to beneficiaries in Nepal through the 150 branches of Enjaz or via its application. The agreement also grants Enjaz the access to more than 7.5 million Esewa wallet users for direct remittance loading.

The CEO of Enjaz, Khalid Al Zain, said: "We understand that Esewa Money Transfer is not just a standalone remittance company but a part of F1Soft Group that has institutionalized the digital payments ecosystem in Nepal through various groundbreaking fintech initiatives. Being a Payment company having a deep-rooted belief in innovation and service excellence, we look forward to working closely with Esewa Money Transfer to provide transformative remittance services to the Nepali migrant population in Saudi Arabia and their families back home in Nepal."

On other side, the Global Group President at F1Soft Group, Biswas Dhakal, stated: “We are extremely delighted to be associated with such a prestigious institution like Enjaz and see tremendous growth opportunities in our mission to support a significant number of Nepalese working in Saudi Arabia. We will leverage Enjaz's extensive network on physical as well as digital channels."

 Enjaz Payment Services Company is a leading fintech company in Saudi Arabia offering financial services via the most advanced fintech methodology in the market. It also offers a full suite of diversified and innovative financial solutions in the Area of digital and physical channel payments.