Esewa Money Transfer partners with Saudi Arabia-based Enjaz Payment Services Company to facilitate remittance services for Nepalese migrants and their families
Kathmandu, July 31, 2023: Esewa Money Transfer, the fastest growing digital-first remittance company under F1Soft Group, which has been providing remittance services to Nepal from more than 200 countries across the world has entered into an agreement with Enjaz Payment Services Company, remittance arm of one of the leading banks of Kingdom of Saudi Arabia.
With this agreement, Nepalese living and working in Saudi Arabia can send remittances to Nepal through any of the 168 Enjaz Payment centers or using the online i.e. mobile, web channels, and POS and Kiosks. Meanwhile, the beneficiaries in Nepal can receive remittances from more than 13,800+ dedicated remit agents, 100,000+ cash pick-up enabled wallet agent locations of Esewa Money Transfer, all major banks and financial institutions along with their branches. Furthermore, this partnership gives Enjaz access to 7.5 million+ users of the eSewa wallet for direct remittance load to the wallet.
Amid the signing ceremony, the CEO of Enjaz, Mr. 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 remittance 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.”
Speaking on the occasion F1Soft Group’s Global Group President Mr. Biswas Dhakal stated, “We are extremely delighted and proud to be partnering with such a prestigious institution like Enjaz. We see tremendous growth opportunities in our mission to support the Nepalese migrant community working in Saudi Arabia by leveraging Enjaz's extensive network on physical as well as digital channels and its reputation as one of the most trusted money transfer service providers in the region.”
Director of Group Strategy, Mr Daniel D Shrestha and CEO of Esewa Money Transfer, Mr Ajesh Koirala, were also present during the special signing ceremony organized at Enjaz Payment’s corporate offices in Riyadh involving senior officials of both organizations.
About Enjaz Payment Services Company:
Enjaz Payment Services Company is a leading Fintech company licensed by Saudi Central Bank to cater financial services via the most advanced Fintech methodology in the market and is popularly known for its reliable and convenient money services. Enjaz Payment has more than 800,000 agents worldwide in 200 countries, which has helped millions of people across the world to send and receive money quickly and conveniently.
About Esewa Money Transfer:
Esewa Money Transfer is Nepal’s fastest-growing cross-border remittance service provider and a subsidiary of F1Soft Group, Nepal’s largest fintech conglomerate with a global footprint. The extensive payment network of Esewa Money Transfer along with direct access to 7.5 million+ eSewa mobile wallet users will provide an unparalleled reach for remitters and beneficiaries alike; where sending and receiving money is as easy as giving a few taps on a mobile phone.
The service offerings comprise more than 13,800 dedicated remit agents, 100,000+ cash pick-up enabled wallet agent locations of Esewa Money Transfer, major banks, financial institutions, and their branches.
Incorporated in the year 2019 and licensed by Nepal Rastra Bank under foreign exchange regulation, eSewa Money Transfer is a part of F1Soft Group that has been empowering more than 20 million+ population and 1.2 million+ entities across the country through innovative fintech-based payment services.