Enjaz, the remittance arm of Saudi Arabia’s Bank Albilad, has formed strategic partnership with multi-channel remittance service provider Transfast to facilitate remittance services to India.
The companies said that together they will serve the remittance requirements of their clients and assist them to send their money through Enjaz’s branch network.
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Bank Albilad CEO Khalid AlJasser said: "This partnership will provide different remittance services to the Indian community in the Kingdom. Now, our clients have the option to send money directly to a bank account, in addition, their loved one can receive their money instantly through any of Transfast pay-out agents network."
Transfast CEO Samish Kumar said: "We are very pleased to partner with Bank AlBilad Enjaz’s easy-to-access network for the Indian community, offering a way to send money in local currency directly to the beneficiary’s account 24/7, with more than 45,000 approved pay-out agents."
Enjaz general manager Ahmed Al Enazi said: "Sending money through Enjaz will give our customers a sense of security that their hard-earned money will securely reach to their loved ones through Transfast’s wide network of payout locations throughout India.
"This reaffirms our promise to our clients that sending money with us is as good as giving the money to your loved ones yourself. This partnership with Transfast will offer our customers the best and convenient way for remittance service to India."
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