Nium Expands Middle East Footprint with Enjaz Partnership for Real-Time Payments

Nium, the global real-time cross-border payments platform, has expanded its Middle East footprint through a partnership with Saudi Arabia-based money transfer company Enjaz, enabling faster and more affordable remittances across key corridors.

The collaboration leverages Nium's Direct Global Network to provide real-time payouts to recipients in markets served by Enjaz's customer base. The partnership is designed to reduce settlement times for cross-border transfers from days to seconds, addressing the needs of the large expatriate population in Saudi Arabia that regularly sends money to home countries.

Saudi Arabia is one of the world's largest remittance-sending markets, with billions of dollars flowing annually to countries across South Asia, Southeast Asia, and Africa. The corridor is dominated by traditional money transfer operators, but demand for faster, cheaper digital alternatives has been growing steadily.

Enjaz, a subsidiary of Bank Albilad, operates an extensive network of money transfer centres across Saudi Arabia and has been expanding its digital remittance capabilities. The Nium partnership adds real-time payout infrastructure to Enjaz's existing services, allowing customers to send money that arrives in recipients' accounts within minutes rather than the one-to-three-day windows typical of conventional transfers.

For Nium, the deal is part of an accelerating expansion across the Middle East and North Africa. The Singapore-headquartered company has been building partnerships with banks and financial institutions in the region as Gulf states push to modernise their payments infrastructure and attract fintech investment.