Thunes joins forces with Enjaz to enable cross-border payments. Credit: Thunes Ltd.

Cross-border payments firm Thunes has reached a deal with fintech outfit Enjaz Payment Services Company to facilitate international transactions for its clients in Saudi Arabia.

As part of the tie-up, Thunes customers in the country will be able to carry out instant international payments to bank accounts and digital wallets across the globe through Thunes payment network.

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The alliance comes shortly after Thunes revealed a plan in August this year to boost its offerings as well as enhance local collaborations with MTOs, including e-wallets operators and banks, in Saudi Arabia.

Enjaz CEO Khalid Al Zain said: “We are excited to see this collaboration go live, allowing customers to send money to any part of the world instantly and efficiently.

“In pursuit of our shared goal to provide a frictionless experience when moving money globally, we are committed to our customers in delivering the most innovative technology-led financial solutions.”

Enjaz enables customers to make transactions through over 150 locations situated across more than 60 cities, 200 self-service kiosks and 200 point-of-sale terminals.

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It also helps with digital onboarding and wallet creation.

Thunes SVP for MENA Simon Nelson said: “By connecting Thunes’ robust and extensive global payment network with Enjaz’s digital capabilities, we are able to create a strong synergy that benefits the communities, connects people to their families, and provide a much-needed service to citizens and residents of Saudi Arabia.”

In September this year, Thunes announced a partnership with Ant Group’s Alipay+ to allow its European consumers and merchants to accept payments via mobile wallets of Asian firms.